Fidelity abandons plans to participate in updated Ethereum ETF filing
Annualized returns on ether betting are nearly 3% as of Tuesday, data from popular betting service Lido shows.
An S-1 update filed with the U.S. Securities and Exchange Commission early Tuesday showed that Fidelity has reversed its plans to stake ether (ETH) stakes in its proposed spot exchange-traded fund (ETF).
In previous filings, the firm said it intended to "stake a portion of the trust assets" to "one or more" infrastructure providers. However, it clearly stated in Tuesday's update that it would "not stake ether" stored at the custodian.
Data from popular betting service Lido shows that annualized returns on ether betting were nearly 3% as of Tuesday.
CoinDesk reported on Monday that the US Securities and Exchange Commission (SEC) asked aspiring ether exchange-traded fund exchanges to update 19b-4 filings ahead of a key deadline this week, which raised expectations for an ETH ETF.