Fidelity Plans to Introduce Staking and Quarterly Dividends for Its Nearly $900 Million Spot Ethereum ETF
- Fidelity Investments' US spot Ethereum ETF, named 'Fidelity Ethereum Fund (FETH)', plans to implement Ethereum staking and quarterly cash dividends.
- The fund currently has net assets of approximately $898 million.
- Under normal circumstances, the fund can stake up to 100% of its ETH holdings.
- The fund will retain about 85% of total staking rewards, with approximately 15% allocated as service fees.
- Net staking income will be used to cover fund expenses, with the remainder distributed to holders as cash dividends at least quarterly.
Fidelity Investments has announced plans to introduce Ethereum staking and quarterly cash dividends for its spot Ethereum ETF, the Fidelity Ethereum Fund (FETH). The fund currently holds net assets of approximately $898 million and has the capacity to stake up to 100% of its ETH holdings under normal circumstances.
According to the revised registration statement, the fund will retain about 85% of total staking rewards, while approximately 15% will be allocated as service fees to the fund sponsor, custodian, and node operators.
The net staking income generated will first be utilized to cover the fund's expenses, and any remaining income will be distributed to holders as cash dividends at least quarterly, in compliance with IRS safe harbor rules. In certain situations, the fund may also sell a portion of its ETH to raise the necessary cash for dividends.
富达计划为其近9亿美元的现货以太坊ETF引入质押和季度分红
富达投资宣布计划为其现货以太坊ETF——富达以太坊基金（FETH）引入以太坊质押和季度现金分红。该基金目前的净资产约为8.98亿美元，并在正常情况下可以质押其100%的以太坊持有量。
根据修订的注册声明，该基金将保留约85%的总质押奖励，约15%将作为服务费分配给基金赞助商、保管人和节点运营商。
产生的净质押收入将首先用于覆盖基金的费用，任何剩余收入将至少每季度分配给持有人作为现金分红，符合IRS安全港规则。在某些情况下，该基金也可能出售一部分以太坊以筹集所需的现金用于分红。