Fidelity has just asked the SEC for permission to stake up to 100% of the Ethereum $ETH in its fund $FETH.ETF (almost $900 million) and distribute the rewards in cash every quarter.
This is not a minor announcement. It’s the network’s yield moving from validators and on-chain stakers to investor accounts that will never touch a wallet. Staking infrastructure is being institutionalized at full speed.
Does this democratize returns or simply concentrate more power among the same names as always?
Source: CoinDesk
This is not a minor announcement. It’s the network’s yield moving from validators and on-chain stakers to investor accounts that will never touch a wallet. Staking infrastructure is being institutionalized at full speed.
Does this democratize returns or simply concentrate more power among the same names as always?
Source: CoinDesk