Fidelity Ethereum Fund to begin ether staking, keeps 85% of rewards
On August 7, 2026, the Fidelity Ethereum Fund (FETH) signed custodial agreements with Anchorage Digital Bank NA and BitGo Bank & Trust, N.A., and amended its sponsor and trust agreements to allow staking of the fund's ether. The sponsor expects staking to start as soon as practicable after the registration statement takes effect, with the trust keeping 85% of staking rewards. Shareholders may receive quarterly cash distributions, but the trust may sell rewards or ether to fund them, which could affect its ether exposure and share price or net asset value.
Key points
- August 7, 2026: trust entered custodial services agreements with Anchorage Digital Bank NA and BitGo Bank & Trust, N.A.
- Trust retains 85% of staking rewards; remaining 15% is paid as fees shared among the sponsor, custodians and node operators.
- Trust intends to make quarterly cash distributions of net staking income, which may require selling rewards or a portion of its ether.
- Staking expected to start as soon as practicable after the Form S-3 registration statement becomes effective.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.