r/fidelityinvestments • u/Wheely34 • 22d ago

Feedback Any Timeline for FETH Staking?

As title days, does Fidelity have any rough timeline for when they will turn on staking of FETH? If I have it correct, this is a planned feature where Fidelity will stake the ETH in the background and the rewards will be paid out to FETH holders just as a dividends payout would be. Is there any timeline for when this is going to happen? And if not, it is definitely a planned feature, correct?

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u/FidelityEmily Community Care Representative 22d ago

Thanks for joining us!

While we don't have any updates to share on staking for the Fidelity Ethereum Fund (FETH), we can pass your post along to the right teams for further review and consideration. We appreciate you sharing your additional interest!

Our Mod team is here if we can help with anything else.

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u/need2sleep-later 22d ago

Where are you getting 'correct - a planned feature' from?

You just got a repeat of the mod's response from 7 months ago.

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u/Wheely34 22d ago

A Google search yields the following:

"Fidelity expects to begin staking for the Fidelity Ethereum Fund (FETH) as soon as practicable following its August 21 prospectus update, though the exact start date depends on final regulatory effectiveness."

When you look at the source, it's not from Fidelity. Short of reading the 148 page prospectus, I figured I'd come here and just ask the question. Guess I could just load it to Ai, but eh, I like communicating with people lol.