Fidelity Investments has amended its application for an Ethereum (ETH) spot exchange-traded fund (ETF) to include a staking feature, according to a regulatory filing.
The amendment was filed with the US SEC on March 18 and has stirred significant interest in the industry, but market analysts and observers have mixed feelings. It introduces the possibility for the ETF to engage in staking activities, a core aspect of Ethereum’s functionality following its shift to a Proof of Stake (PoS) model.
The amendment comes days after US politicians wrote to the SEC to block further crypto-related ETFs due to concerns over the risk posed to retail investors.
ETF with staking
Through the proposed amendment, the ETF could allocate a portion of its holdings for staking through designated staking providers, which may include affiliates of Fidelity.
Staking involves participants locking up digital assets to support the network’s security and operations in return for rewards in the form of additio
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