CoinDesk·3 min read·medium
Fidelity moves to add staking, quarterly payouts to near $900 million ether ETF
F
Francisco Rodrigues
✦AI Summary
Fidelity Investments has filed to add staking capabilities and quarterly cash distributions to its $900 million ether ETF. This move follows a recent IRS bulletin allowing crypto trusts to stake assets without compromising their tax status, aligning Fidelity with other major crypto fund providers.
FETH, with $898 million in net assets, could stake as much as 100% of its ether under normal conditions, though Fidelity set no minimum, according to an amended registration statement . The fund would keep some ETH available for redemptions, expenses and other liquidity needs.
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