Fidelity applies to add staking functionality for its Ethereum ETF FETH, allowing up to 100% ETH to be staked

On August 11, Fidelity submitted a registration statement amendment to the SEC, applying to add ETH staking functionality to its spot Ethereum ETF, Fidelity Ethereum Fund (FETH). Under normal circumstances, FETH can stake up to 100% of its held ETH, but there is no minimum staking ratio.

If approved by the SEC, the investment objective of FETH will also change. Currently, the fund primarily tracks the Fidelity Ethereum Reference Rate, deducting related fees; after adding staking, the fund's objective will shift to tracking that index while accounting for the income generated from staking.