Category: NFT News

Fidelity Adds Staking To Spot Ethereum ETF Application

By Published On: March 19, 20241 min readViews: 2040 Comments on Fidelity Adds Staking To Spot Ethereum ETF Application

The firm submitted its amendment late Monday.

Financial services giant, Fidelity, has amended its spot Ethereum ETF application to include the option for investors to stake their ETH, according to its filing with the Securities and Exchange Commission (SEC).

The SEC now has up to 90 days to respond to the amendment. The official deadline for BlackRock and Fidelity’s applications is set for May 23.

The news sparked a small spike in the price of Lido Finance’s LDO, the native token to the largest staking protocol in the Ethereum ecosystem. It jumped 2.7% but quickly gave up those gains.