If approved, investors in the Fidelity ETF will have the opportunity to earn additional income through staking rewards. Fidelity’s application amendment states that the fund may stake a portion of its assets through a trusted staking provider, although the specific provider was not disclosed.
These developments highlight the evolving landscape of cryptocurrency investment products, with a focus on providing investors with a variety of income-generating opportunities. Fidelity’s decision to include staking in its ETF application is consistent with a broader trend to integrate native blockchain functionality into traditional financial products.
The SEC is currently reviewing several Ethereum ETF applications, with a final deadline of May 23. Despite optimism within the industry, approval remains uncertain, with analysts estimating the odds of approval to be around 35%. Nonetheless, Fidelity’s amendments represent a proactive approach to providing innovative investment solutions in the rapidly evolving cryptocurrency market.