Yigit Taha OZTURK 
Fidelity, one of the world’s leading financial services companies, has officially filed an application to offer staking services as part of its Ethereum-based exchange-traded fund (ETF). The application, submitted to the Cboe BZX Exchange and currently under review by the U.S. Securities and Exchange Commission (SEC), proposes to allow staking of shares in the Fidelity Ethereum Fund.
According to the filing, the fund’s holdings of Ethereum (ETH) would be staked on the Ethereum network through trusted staking providers. Through this process, the fund aims to generate additional income for its investors by earning staking rewards. Fidelity emphasized that staking will be strictly limited to ETH held by the fund, with complete control remaining with the fund’s appointed custodian.
The Staking Process and Security Measures
As outlined in the filing, following Ethereum’s transition to a proof-of-stake consensus mechanism, validators on the network can earn rewards through staking with lower energy consumption. Fidelity stated that it has implemented comprehensive security measures for the staking process, and staked ETH will be used exclusively on behalf of the fund. The assets will not be pooled with any third-party funds.
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Fidelity’s Vision and Market Implications
With this move, Fidelity plans to deepen its integration into the digital asset ecosystem and provide its investors with opportunities for passive income through staking. Analysts suggest that adding a staking feature to an Ethereum ETF could mark a turning point in the U.S.-based digital asset investment product market. Furthermore, this development could boost institutional interest in Ethereum.
How the SEC responds to this application will not only determine Fidelity’s next steps but could also influence the roadmap for other potential Ethereum ETF issuers in the sector.
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