Key HighlightsFidelity’s FETH fund introduces Ethereum staking with planned quarterly distributionsThe fund may stake its entire Ether holdings during standard operational periodsShareholders would receive 85% of staking proceeds following service provider feesDistribution payments would occur quarterly based on available staking revenueThe move aligns with growing adoption of staking among major US Ethereum fundsFidelity has outlined a comprehensive strategy to introduce Ethereum staking capabilities to its Fidelity Ethereum Fund (FETH). FETH Gains Authority to Stake Complete Ethereum HoldingsFidelity has updated the registration documentation for FETH to authorize staking of its entire Ethereum portfolio during typical operating circumstances. Qualified custodians will maintain control of cryptographic keys, while designated operators will oversee the technical validator infrastructure for Ethereum staking. Net rewards may fund operational expenses, redemption requests, additional staking activities, or direct shareholder distributions. Distribution quantities will fluctuate based on prevailing staking yields, validator operational efficiency, network protocol parameters, fund expenses, and outstanding obligations.