Fidelity Seeks to Add Staking and Quarterly Rewards to Its Ether ETF

Fidelity is moving to introduce staking capabilities to its ether exchange-traded fund, which holds nearly $900 million in assets. The proposed changes would allow the fund to earn rewards through the Ethereum network's proof-of-stake mechanism. Investors would receive payouts on a quarterly basis under the new structure. Under the revenue-sharing arrangement, 85% of gross staking rewards would be retained by the fund, while the remaining 15% would go to service providers.