Fidelity Seeks to Offer Ethereum Staking in Proposed ETF

• Fidelity plans to stake ETH from its proposed spot Ethereum ETF if approved, allowing investors to earn staking rewards • Fidelity filed an amendment with the SEC updating its ETF application to include ETH staking • Fidelity did not disclose which staking providers it would use to stake the ETH • The move follows similar plans from other ETF issuers like Ark 21Shares and Franklin Templeton to launch Ether ETFs • The SEC has yet to approve any spot Ethereum ETFs, but has a deadline of May 23 to decide on several applications including Fidelity's