Will Fidelity's Ethereum Staking Proposal Help Secure Spot ETF Approval? 🤩
Boom for #Ether stakers? Fidelity's proposed Ether ETF, with a twist - they want to stake some of the fund's holdings for extra returns!
This news sent #Lido DAO, a big name in staking, briefly soaring. But is it all sunshine and rainbows?
Lido DAO has been on a downward spiral recently, mirroring a wider market slump. Fidelity faces an uphill battle - they're one of eight vying for #approval by the SEC, with the deadline looming in May.
Will staking be the magic bullet to win over regulators? Analysts are skeptical, putting the odds of approval by then at a low 35%.
