
Fidelity's $899M Ether ETF Filed to Stake and Pay Quarterly Cash
The FETH prospectus amendment would let Fidelity stake up to all of the fund's ether, with 85 per cent of rewards flowing to shareholders as fiat rather than reinvested into the trust.
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The FETH prospectus amendment would let Fidelity stake up to all of the fund's ether, with 85 per cent of rewards flowing to shareholders as fiat rather than reinvested into the trust.

The $16.5 billion migration moves 8 million ether onto 0x02 validators and puts locked ETH bonds behind Lido's 34 curated operators for the first time in the protocol's history.

Kleros founder Clément Lesaege posted a 'Validator Redirected Revenue' proposal to ethresear.ch on June 21 that would let validators redirect 0-10% of staking rewards to public goods. If a majority signals support, the redirect becomes mandatory for the entire validator set.

Bitmine Immersion Technologies disclosed on May 4 that it acquired 101,745 ether last week, taking its treasury to 5.18 million ETH and pushing total holdings to $13.1 billion. Chairman Tom Lee used the announcement to declare that crypto spring had commenced.

Bitmine moved roughly $320 million worth of ether into staking over 48 hours, putting more than 70 per cent of its nearly five million ETH hoard to work generating yield — and positioning itself to earn $330 million a year from validator rewards alone.

The crypto trading firm's new Crypto Core3 ETF — ticker BESO — charges a 1 per cent fee, rebalances weekly, and earns staking rewards on Ethereum and Solana holdings.

Bitmine Immersion Technologies bought 101,627 ether last week — its largest weekly purchase of 2026 — bringing its total holdings to 4.97 million ETH and within striking distance of its stated goal of controlling 5 per cent of Ethereum's circulating supply.

The crypto asset manager's BAVA fund debuted on the NYSE on 15 April, staking roughly 70% of its AVAX holdings in-house while charging 0.34% — undercutting competitors in a three-way race for Avalanche exposure.

Representatives Horsford and Miller have reintroduced the PARITY Act, a revised crypto tax bill that applies stock-market wash sale rules to digital assets while offering tax deferral on staking and mining rewards.

The amended S-1/A filed on 11 April names the ticker BHYP, sets a 0.67% management fee, and lists FalconX, Flowdesk, Nonco and Wintermute as approved trading counterparties. The trust will pursue a secondary objective of staking yield.

Ethereum's proof-of-stake participation rate passed 30 percent of circulating supply this week, with roughly 37 million ETH now committed to validators and the cost of attacking the network pushed beyond $120 billion in collateral alone.

The non-profit initiated an $11 million conversion through CoWSwap's time-weighted average price mechanism, just days after reaching its 70,000 ETH staking target — highlighting the tension between generating yield and meeting dollar-denominated expenses.

Lido launches institutional-grade staking vaults during 2025, targeting large capital providers with customized Ethereum staking and restaking solutions.

Babylon protocol launches Bitcoin staking mainnet on August 22, 2024, hitting its 1,000 BTC Phase 1 cap within 74 minutes as over 12,000 early stakers lock coins for security providers.

Ethereum's Shapella upgrade activated on April 12, 2023, enabling validators to withdraw staked ETH for the first time since the Beacon Chain launch.

Kraken agreed on February 9, 2023, to pay $30 million and cease its US staking-as-a-service program after the SEC alleged it constituted an unregistered securities offering.