POPA ReconFidelity Plans to Add Staking and Quarterly Cash Distributions to Nearly $900M Ether ETF
Fidelity Plans to Add Staking and Quarterly Cash Distributions to Nearly $900M Ether ETF Fidelity plans to add ETH staking and quarterly cash distributions to the Fidelity Ethereum Fund (FETH), which has $898 million in net assets. Under normal conditions, the fund may stake up to 100% of its ETH holdings, with no minimum requirement, while retaining some ETH for redemptions, expenses and other liquidity needs. The fund will retain 85% of gross staking rewards, with the remaining 15% paid to the sponsor, custodians and node operators. Net rewards will first cover fund expenses, with the remai…
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