Fidelity Ethereum Fund to launch ether staking, retain 85% of rewards; quarterly distributions planned

Fidelity Ethereum Fund

Fidelity Ethereum Fund (FETH) entered custodial agreements Aug 7, 2026 with Anchorage Digital Bank NA and BitGo Bank & Trust for ether custody and staking.
Under Amended Sponsor Agreement, Trust retains 85% of staking rewards; 15% shared among Sponsor, Custodians, and Node Operators.
FETH plans quarterly cash distributions of net staking income after Trust expenses; may sell staking rewards or ether to fund them.
Third Amended and Restated Trust Agreement executed Aug 7, 2026 permits ether staking; program starts after Registration Statement effective date.

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