Fidelity in the U.S. to Add Staking Features to Ethereum ETF 'FETH'

Fidelity Investments, a major U.S. asset management firm, is advancing plans to add staking features to its physical Ethereum ETF, the Fidelity Ethereum Fund (FETH), and to implement quarterly cash distributions. This was revealed in an amended registration statement filed with the U.S. Securities and Exchange Commission (SEC) on the 11th. The net asset value of the fund is approximately $898 million (approximately 143.1 billion yen). Under normal market conditions, up to 100% of the Ethereum held can be allocated to staking, with no minimum staking ratio set. However, the fund is prepared to handle redemption requests, pay expenses, and maintain liquidity...