Cboe wants to add staking to Fidelity's Ether ETF, aiming to boost returns.

From Cointelegraph

March 11, 2025 4:35:00 PM:

Securities exchange Cboe BZX seeks approval from US regulators to incorporate staking into Fidelity’s Ether exchange-traded fund (ETF), per March 11 filing. Filing aims to support staking for Ether funds traded on US exchange. Cboe’s proposed rule change would let Fidelity Ethereum Fund (FETH) stake ether through trusted providers. The Fidelity Ethereum Fund has nearly $1 billion in assets under management, according to data from VettaFi. In February, Cboe sought permission to add staking to another Ether ETF, the 21Shares Core Ethereum ETF. Staking Ether enhances returns and involves collateral with a validator for rewards. Staking Ether yields approximately 3.3% APR as of March 11, according to Staking Rewards. Other popular cryptocurrencies like Solana also have staking mechanisms. US Securities and Exchange Commission must approve Cboe’s proposed rule changes before staking can begin. SEC acknowledged over a dozen exchange filings related to cryptocurrency ETFs in February. The SEC’s softened stance on crypto since President Donald Trump’s second term began on Jan. 20 is evident in the acknowledgments. Proposed rule changes by Cboe and other exchanges include options, in-kind redemptions, and new types of altcoin funds. Cboe also seeks permission to list Canary and WisdomTree’s proposed XRP ETFs and support in-kind creations and redemptions for Fidelity’s Bitcoin and ETH ETFs, among other changes.

Read more at Cointelegraph: Cboe seeks to add staking to Fidelity’s Ether ETF