Fidelity has amended its spot Ether ETF proposal to include staking to give customers an option to earn income on their holdings. If accepted, the firm will stake an undisclosed portion of its assets using one or multiple reliable staking providers. The news temporarily boosted Lido, a leading Ethereum staking protocol. While this is a seemingly positive development, analysts and betting markets are putting the likelihood of an Ether ETF approval by May at 35% or less.
Tuesday, March 19, 2024Franklin Templeton has listed its Ether ETF on the DTCC, signaling its readiness for trading. However, this does not mean the SEC has approved it, given the official decision has been delayed until June 11.