Fidelity Investments has filed with the U.S. Securities and Exchange Commission to add ETH staking to its spot Ether exchange-traded product, the Fidelity Ethereum Fund (FETH). The filing says the fund could stake up to 100% of its Ether holdings under normal conditions, excluding tokens set aside for redemptions, expenses and liquidity needs.
Under the plan, the fund would retain 85% of any staking rewards, with the remaining 15% allocated to staking fees. Fidelity expects to make quarterly cash distributions of staking proceeds when feasible, but those distributions are not guaranteed. The company said staking would begin as soon as practicable after the prospectus date, and the terms in the preliminary prospectus may change before the registration statement becomes effective.
Fidelity, one of the world’s largest asset managers, joins other U.S. issuers that have enabled or pursued staking for spot Ether products. Grayscale was the first U.S. issuer to enable staking in spot crypto ETPs in October 2025, and BlackRock launched its iShares Staked Ethereum Trust (ETHB) in February 2026. Bitwise had proposed adding staking to its Ethereum ETF but withdrew that proposal in September 2025.
Analysts have previously highlighted the competitive impact of staking. Seeking Alpha contributor Ryne Mauck wrote in May that FETH’s absence of staking left it at a relative disadvantage compared with staking-enabled products from Grayscale and BlackRock.
FETH has attracted substantial investor interest since its July 2024 launch. As of August 11, the fund had recorded roughly $2.13 billion in cumulative net inflows, according to Farside Investors. Ahead of the U.S. market open on the Wednesday after the filing, FETH led pre-market gains among most Ether funds, rising about 2.4% in early trade, per Yahoo Finance data.
This report is based on Fidelity’s SEC filing and public market data. Readers are encouraged to verify details independently and note that filings and prospectuses may be updated before becoming final.