Fidelity is planning to add staking and quarterly cash payouts to its $898 million Fidelity Ethereum Fund (FETH), one of the largest spot ether ETFs in the U.S.
Under normal conditions, the fund could stake as much as 100% of its ETH holdings. Staked ETH would be managed by Blockdaemon, Figment and Galaxy as node operators, with Fidelity retaining 85% of gross staking rewards for distribution as quarterly cash payouts to investors.
Written by Sarah Whitmore
Ethereum Desk
