Summary
Fidelity has proposed integrating staking rewards into its Ethereum ETF to boost investor returns. The announcement had an immediate impact on the market, particularly on Lido DAO. Fidelity is among eight contenders seeking SEC approval for Ethereum ETFs, with concerns over regulatory approval and complications with integrating staking. The SEC’s decision is pending, with a final verdict expected by May 23 and analysts estimating a 35% chance of approval.
Key Points
1. Fidelity has submitted a proposal to the SEC for integrating staking rewards into its spot Ethereum ETF to boost investor returns.
2. The staking announcement had an immediate impact on the market, particularly on Lido DAO, with a notable surge in price followed by a retraction.
3. Fidelity’s initiative to integrate staking into its ETF places it among eight contenders seeking SEC approval for Ethereum ETFs, despite concerns over regulatory complexities and potential delays.