Fidelity Removes Staking Rewards From Potential Ethereum Spot ETF

Fidelity has revised the S-1 registration statement for its potential Ethereum spot ETF, removing all staking language, including staking rewards.

The previous prospectus said the fund intended to invest a portion of its assets in a staking provider, which would generate staking rewards.SEC Concerns About Crypto Staking may have influenced Fidelity's decision. The SEC sued Coinbase in June 2023 for providing access to staking through its platform, claiming it violated securities laws.

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