Ethereum

Lido DAO

Shiba Inu

<p>Wall Street giant Fidelity has updated its spot Ethereum exchange-traded fund (ETF) filing with the US Securities and Exchange Commission (SEC) to include staking.</p>
<p>In the <a href="https://cdn.cboe.com/resources/regulation/rule_filings/pending/2023/SR-CboeBZX-2023-095-Amendment-No-1.pdf" target="_blank" rel="noopener noreferrer nofollow">updated filing</a>, Fidelity says if the SEC approves the ETF it would occasionally “stake a portion of the fund’s assets through one or more trusted staking providers.”</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Fidelity not giving up on <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> ETFs and not giving up on SEC allowing them to Stake within the ETF. Our base case is still that these aren't gonna be approved <a href="https://t.co/6ynFvBrvoo" rel="noopener noreferrer nofollow">https://t.co/6ynFvBrvoo</a> <a href="https://t.co/yxSLsBbi2C" rel="noopener noreferrer nofollow">pic.twitter.com/yxSLsBbi2C</a></p>
 <p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1769844309589668168?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 18, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The money manager did not mention any staking provider in the filing, but Lido DAO is currently the largest ETH staking provider, with others including RocketPool and StakeWise.</p>
<p>Lido DAO (DAO) jumped after the news, but has since plunged 14% to trade at $2.26 at 05:09 EST.</p>
<h2 id="analysts-see-huge-potential-for-ethereum-etfs">Analysts See Huge Potential for Ethereum ETFs</h2>
<p>Analysts believe that spot Ethereum ETFs have huge potential, and arguably more than Bitcoin ETFs.</p>
<p>The head of crypto research at Standard Chartered Bank, Geoffrey Kendrick, sees inflows of $15-$25 billion into ETH ETFs within the first 12 months after approval.</p>
<p>VanEck portfolio manager Pravan Kanade <a href="https://insidebitcoins.com/news/vaneck-says-ethereum-etf-market-has-bigger-potential-than-bitcoin-etfs-because-of-eth-staking-rewards" target="_blank" rel="noopener noreferrer nofollow">says</a> an Ethereum ETF makes more sense than Bitcoin ETFs because investors can earn from staking and gas fees distributed to token holders.</p>
<p>Standard Chartered’s Kendrick is also optimistic that the SEC will approve Ethereum ETFs on May 23, but earlier this month US Senators <a href="https://insidebitcoins.com/news/us-senators-urge-sec-chair-gary-gensler-to-halt-crypto-etf-approvals-over-enormous-risks" target="_blank" rel="noopener noreferrer nofollow">urged</a> the SEC not to launch more crypto ETFs.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/us-sec-postpones-decision-on-blackrocks-ethereum-etf-shiba-inu-and-nuggetrush-skyrockets" rel="noopener noreferrer nofollow">US SEC Postpones Decision on BlackRock’s Ethereum ETF; Shiba Inu and NuggetRush Skyrockets</a></li>
 <li><a href="https://insidebitcoins.com/news/institutional-investors-to-unleash-more-massive-bitcoin-etf-buying-btc-may-soar-past-200k-this-year-bitwise-says" rel="noopener noreferrer nofollow">Institutional Investors To Unleash More Massive Bitcoin ETF Buying, BTC May Soar Past $200k This Year, Bitwise Says</a></li>
 <li><a href="https://insidebitcoins.com/news/blackrocks-bitcoin-etf-now-holds-more-btc-than-microstrategy" rel="noopener noreferrer nofollow">BlackRock’s Bitcoin ETF Now Holds More BTC Than MicroStrategy</a></li>
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Fidelity Updates Its Spot Ethereum ETF Application To Include Staking

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