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“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 ,” 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.Experts currently see a slim chance that such an ETF will be approved by the SEC before the next deadline of May 23.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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