The fund will retain 85% of staking rewards and allocate 15% to staking fees. Quarterly cash distributions are planned but not guaranteed.
As of August 11, FETH had recorded about $2.13 billion in cumulative net inflows since its July 2024 launch.
### DATES
N/A
### PEOPLE
– None
### ORGANISATIONS
– Grayscale: A cryptocurrency asset manager.
– BlackRock: A diversified financial services firm with investments in various asset classes, including ETFs.
– Bitwise: An independent investment management company focused on the development and offering of innovative products for retail investors.
### KEY FACTS
– FETH will retain 85% of staking rewards and allocate 15% to staking fees.
– Quarterly cash distributions are planned but not guaranteed.
– As of August 11, FETH had recorded about $2.13 billion in cumulative net inflows since its July 2024 launch.
### QUOTATIONS
None
### UNCERTAINTIES
Fidelity’s staking strategy is subject to change before the registration statement becomes effective and payouts are not guaranteed.
Written by Oliver Grant
Markets Desk
