Fidelity files with SEC to add staking to Ethereum ETF
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Fidelity Investments filed with the US SEC to add staking to its Fidelity Ethereum Fund (FETH), a spot Ether exchange-traded product. The fund could stake up to 100% of its Ether, excluding amounts reserved for redemptions and liquidity, and plans to distribute 85% of staking rewards quarterly in cash, though payouts are not guaranteed. Fidelity aims to start staking as soon as practicable after the prospectus date.
Why it matters
The move potentially enhances FETH’s competitiveness against other US Ether products that offer staking, such as Grayscale's staking-enabled offerings and BlackRock’s iShares Staked Ethereum Trust ETF (ETHB). The source does not elaborate further on broader market or policy impacts.
Key context
Grayscale was the first US issuer to enable staking in spot crypto ETFs in October 2025, and BlackRock followed with ETHB in February 2026. Bitwise had proposed staking in its Ethereum ETF but withdrew the proposal in September 2025. FETH recently recorded about $2.13 billion in cumulative net inflows since its July 2024 launch.
Key numbers and entities
Fidelity Investments, Fidelity Ethereum Fund (FETH), US Securities and Exchange Commission (SEC), Grayscale, BlackRock, Bitwise. FETH recorded $2.13 billion net inflows since launch, with a pre-market price increase of 2.4% before US market open as of August 11.
What remains unclear
The final approval timeline from the SEC is not established, and exact timing for staking commencement remains uncertain. Details on potential impacts on fund performance or investor outcomes post-staking are not specified.