Fidelity’s Ethereum ETF to Offer Staking and Quarterly Cash Payouts: Report
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Fidelity, manager of the fourth-largest Ethereum ETF by AUM, plans to add staking and quarterly cash distributions to its FETH product, according to Wu Blockchain. The ETF could stake up to 100% of its ETH holdings under normal conditions, a change likely to increase staking demand, boost investor yield and drive greater ETH adoption and ETF competitiveness in the crypto market.
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A new report cited by Wu Blockchain informed that Fidelity, the entity behind the fourth-largest Ethereum ETF by AUM, plans to add staking and quarterly cash distributions to its FETH.
It added that the exchange-traded fund tracking the performance of the largest altcoin can stake up to 100% of its ETH holdings “under normal conditions.”
