POPA ReconFidelity Plans to Add Staking and Quarterly Payouts to $898M Ethereum ETF
Fidelity Plans to Add Staking and Quarterly Payouts to $898M Ethereum ETF Fidelity is preparing to add Ethereum staking and quarterly cash distributions to its Fidelity Ethereum Fund (FETH), which currently holds around $898M in net assets. Under normal conditions, FETH could stake up to 100% of its ETH, while keeping enough assets available for redemptions, expenses and liquidity needs. Fidelity would retain 85% of gross staking rewards, with the remaining 15% going to the fund sponsor, custodians and node operators. Blockdaemon, Figment and Galaxy are named as FETH's node operators. Net…
The excerpt is quoted from a public Telegram channel, which owns its text.