18 Mar 2025
💰SEC Proposes Rule Change for Fidelity Ethereum Fund Staking
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend the Rule Governing the Listing and Trading of Shares of the Fidelity Ethereum Fund To Permit Staking
Summary
The SEC announces a proposed rule change allowing the Fidelity Ethereum Fund to engage in staking, which may enhance income and returns for its investors. The rule aims to amend existing regulations governing the listing and trading of the Fund’s shares to permit staking activities that contribute to network security on the Ethereum blockchain.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows the Fidelity Ethereum Fund to engage in staking, potentially generating income for the Trust, which could increase returns for investors. This shift reflects compliance with SEC regulations and impacts institutional investment strategies in cryptocurrency.