Fidelity Investments has filed with the SEC to add staking to its Fidelity Ethereum Fund (FETH), keeping 85% of rewards for the fund and passing 15% to staking fees. The move follows Grayscale and BlackRock, which already offer staking on their Ether ETFs.
Fidelity Investments plans to add staking to its spot Ether exchange-traded product, the Fidelity Ethereum Fund (FETH), according to a Tuesday filing with the US Securities and Exchange Commission. The asset manager said FETH could stake up to 100% of its Ether under normal conditions, excluding ETH reserved for redemptions, expenses and liquidity needs.
The fund would retain 85% of staking rewards, with 15% going toward staking fees, and plans quarterly cash distributions, though payouts are not guaranteed. Fidelity said staking is expected to begin, in the filing's words, "as soon as practicable" after the prospectus date. The preliminary prospectus remains subject to change before the registration statement becomes effective.
Fidelity follows Grayscale and BlackRock into staking
Fidelity, one of the world's largest asset managers, follows other US Ether products that already offer or are pursuing staking. Grayscale became the first US issuer to enable staking in spot crypto exchange-traded products in October 2025, while BlackRock launched its separate iShares Staked Ethereum Trust ETF (ETHB) in February 2026. Bitwise also sought to add staking to its Ethereum ETF but withdrew the proposal in September 2025.
Seeking Alpha contributor Ryne Mauck wrote in May that FETH's lack of staking put it at a relative disadvantage to staking-enabled products from Grayscale and BlackRock.
FETH inflows and pre-market moves
As of Aug. 11, FETH had recorded about $2.13 billion in cumulative net inflows since its July 2024 launch, according to Farside Investors. Ahead of Wednesday's US markets open, the ETF was leading pre-market gains across most ETH funds, up 2.4%, according to Yahoo Finance data.
Source: U.S. Securities and Exchange Commission
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