Fidelity seeks staking for $898M Ethereum fund

• Fidelity has filed to add Ethereum staking to its US$898 million Ethereum fund.
• The filing could allow the fund to earn staking rewards from Ethereum holdings.
• The move adds to growing institutional interest in Ethereum staking products.

Fidelity Investments has filed to add Ethereum staking to its US$898 million Fidelity Ethereum Fund, known as FETH.

The filing would allow the fund to stake Ethereum (CRYPTO:ETH) and potentially earn staking rewards from its holdings.

The proposal comes as more asset managers seek ways to expand crypto investment products beyond simple asset exposure.

Fidelity’s filing adds to a broader industry push to include staking features in Ethereum investment funds.

The company said the proposal would allow the fund to participate in Ethereum’s proof-of-stake network through staking activities.

FETH is one of the larger spot Ethereum investment funds in the United States, with about US$898 million in assets.

The filing is subject to regulatory approval and forms part of the wider debate over staking in US crypto investment products.