Fidelity Seeks SEC Approval to Stake 100% of FETH Holdings

Fidelity filed an SEC amendment to enable full ETH staking in FETH, aiming to track the reference rate plus staking yields if approved.

Woofun AI reports that Fidelity submitted an amendment to its registration statement with the U.S. SEC on August 11, seeking to introduce ETH staking capabilities to its spot Ethereum ETF, the Fidelity Ethereum Fund (FETH). The proposal allows the fund to stake up to 100% of its ETH holdings without a minimum threshold. Upon SEC approval, FETH's investment objective would shift from tracking the Fidelity Ethereum Reference Rate net of fees to including staking earnings in its performance benchmark.