Fidelity adds staking to Ethereum ETF application amid mixed r | • CRYPTO NEWS • #BTC • #ETH •
Fidelity adds staking to Ethereum ETF application amid mixed reception
Fidelity Investments has amended its application for an Ethereum (ETH) spot exchange-traded fund (ETF) to include a staking feature, according to a regulatory filing. The amendment was filed with the US SEC on March 18 and has stirred significant interest in the industry, but market analysts and observers have mixed feelings. It introduces the possibility for the ETF to engage in staking activities, a core aspect of Ethereum’s functionality following its shift to a Proof of Stake (PoS) model.
