Fidelity Drops Staking Plans in Updated Ether ETF Filing

Fidelity Drops Staking Plans in Updated Ether ETF Filing

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Source: Coindesk.com

Fidelity has amended its S-1 filing with the SEC, indicating that it will not stake ether in its proposed spot exchange-traded fund. Staking involves locking cryptocurrencies to support blockchain operations in return for rewards, with annualized yields on ether staking currently around 3%.

Read More https://www.coindesk.com/business/2024/05/21/fidelity-drops-staking-plans-in-updated-ether-etf-filing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Fidelity Drops Staking Plans in Updated Ether ETF Filing" appeared first here Coindesk.com.

Source: Coindesk.com

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