Fidelity’s ETFs Authorized to Stake Up to 100% of Crypto
- Fidelity’s Ethereum Fund (FETH) and Solana Fund (FSOL) can stake up to 100% of their crypto assets under normal conditions.
- As of June 30, FSOL had staked approximately 99.64% of its total holdings, valued at $126.3 million.
- FETH reported holding $758.609 million in net assets but did not disclose a current staked amount as of the latest filings.
- The funds have no minimum staking requirement and can keep assets unstaked for liquidity purposes.
- If unstaking takes too long, the sponsor may extend settlement or provide cash instead of crypto for redemptions.
Both FETH and FSOL outline a structured approach for managing redemptions amid potential delays in network exits, which varies by blockchain conditions.
FSOL expects to regain control of staked SOL within two days under normal circumstances, while FETH does not guarantee a fixed duration for Ethereum withdrawals.
With FSOL’s staked percentage at nearly full capacity and FETH’s significant assets, these funds are positioned strategically in the market.(Source)
