-
Fidelity
wants
to
give
traders
of
its
potential
Fidelity
Ethereum
Fund
the
ability
to
stake
some
of
the
assets. -
The
asset
manager
filed
to
launch
an
ethereum
exchange-traded
fund
(ETF)
in
November. -
Other
potential
issuers
include
BlackRock,
Ark
Invest
and
Grayscale.
-
00:55
80%
of
Meme
Coin
Performance
Occurs
During
Asia
Trading
Hours:
10x
Research
Founder -
02:16
Standard
Chartered
Bullish
on
Bitcoin;
SOL
Crosses
$200
Amid
Meme
Coin
Frenzy -
01:06
What’s
Driving
the
Rally
in
Reddit
Community
Token
MOON? -
00:53
Tokenization
and
Stablecoins
Continue
to
Be
TradFi’s
Top
Interest
in
Crypto:
Expert
Money
management
giant
Fidelity
wants
to
allow
traders
of
its
potential
ethereum
fund
to
be
able
to
stake
some
of
the
assets,
it
wrote
in
an
amendment
with
the
U.S.
Securities
and
Exchange
Commission
(SEC).
“According
to
the
Registration
Statement,
the
Sponsor
may,
from
time
to
time,
stake
a
portion
of
the
Fund’s
assets
through
one
or
more
trusted
staking
providers,
which
may
include
an
affiliate
of
the
Sponsor
(“Staking
Providers”),”
Fidelity
wrote
in
a
19b-4
form
on
Monday.
Lido,
the
staking
protocol
that
is
supported
on
the
Ethereum
network,
jumped
9%
on
the
news,
to
a
price
of
$2.64
before
falling
back
slightly.
Fidelity
joined
the
race
to
launch
an
ethereum
exchange-traded
fund
(ETF)
in
November.
Other
potential
issuers
include
BlackRock,
Ark
Invest
and
21Shares,
and
Grayscale.
Experts
currently
see
a
slim
chance
that
such
an
ETF
will
be
approved
by
the
SEC
before
the
next
deadline
of
May
23.