Privately held asset manager Fidelity says it is adding quarterly staking payments to its leading Ethereum Fund ($FETH).
Fidelity is not only one of the first asset managers to offer staking payments to investors, but its FETH fund is one of the largest spot Ethereum exchange-traded funds (ETFs) in the U.S.
Fidelity's Ethereum Fund has $898 million U.S. in net assets and could stake as much as 100% of its Ethereum.
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However, Fidelity has not said how much of its Ethereum (CRYPTO: $ETH) will be staked. The fund will keep some ETH for redemptions, expenses, and other liquidity needs, said the firm.
Crypto staking is the process of locking up digital coins in a blockchain network to help secure it and verify transactions.
In return for staking their cryptocurrency, investors earn rewards, usually in the form of additional digital assets or cash payments.





