Fidelity wants to stake 100% of its Ethereum ETF, FETH.
This isn't just a filing; it's a declaration. Fidelity will keep 85% of staking rewards, paying out cash quarterly. Grayscale and BlackRock already offer staked ETH, but FETH has pulled in $2.13 billion since July 2024.
The institutional race for ETH yield is on. With the Fear & Greed Index at 27 (Fear), Fidelity's move signals deep conviction from a major player, pushing for competitive advantage.
Watch $ETH. Trading at 1,906, it's above its EMA20 of 1,893. A reclaim of 1,925 could see further upside.
$ETH
This isn't just a filing; it's a declaration. Fidelity will keep 85% of staking rewards, paying out cash quarterly. Grayscale and BlackRock already offer staked ETH, but FETH has pulled in $2.13 billion since July 2024.
The institutional race for ETH yield is on. With the Fear & Greed Index at 27 (Fear), Fidelity's move signals deep conviction from a major player, pushing for competitive advantage.
Watch $ETH. Trading at 1,906, it's above its EMA20 of 1,893. A reclaim of 1,925 could see further upside.
$ETH