Fidelity Implements Staking Rewards in Ethereum ETF Proposal
Tuesday, 19 March 2024, 04:54
Fidelity's Ethereum ETF Revision with Staking Rewards
Fidelity has submitted a proposal to the SEC to introduce staking rewards in its Ethereum ETF, aiming to harness the Ethereum staking market.
Impacts of Fidelity's Initiative
The announcement influenced Lido DAO's price, initially surging 9% but ultimately facing a 9.35% decline.
Challenges and Community Skepticism
Critics warn that integrating staking in ETFs could complicate regulatory approval, raising doubts within the community.
- Fidelity, along with other contenders, awaits the SEC's verdict by May 23, with speculations predicting a 35% likelihood of approval.
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