According to last minute information, Fidelity has previously made Ethereum Spot ETF changed its application to include the Staking feature.
The staking feature in Ethereum was launched after the network switched to the Proof of Stake mechanism, and wallet owners who locked their coins were rewarded with ETH in return for ensuring the security of the network.
Hot News: Fidelity added Staking feature to Ethereum Spot ETF application.
— Bitcoin System (@bitcoinsistemi) March 18, 2024
It was known that the SEC was not very keen on this feature and that is why many Spot ETF applicant companies did not include this feature in their applications.
Former Yahoo Finance reporter Zack Guzmán found the development interesting in his statement and commented as follows:
“This development in the lifecycle of ETH ETFs seems strange to me.
It sounds as if Fidelity would add something to justify denying approval of the ETH ETF by making a deal with Gensler’s SEC.
Does he play on the same team as traditional financial giants Gensler?”
This move by Fidelity Bitcoin caused movement in price:
*This is not investment advice.
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