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Crypto

Fidelity seeks to add staking to Ethereum spot ETF FETH

Asset manager Fidelity has filed documents with the U.S. Securities and Exchange Commission to add staking to its Ethereum spot exchange-traded fund, FETH. The filing outlines a structure to generate staking rewards using the Ethereum held by the fund, with up to 100% eligible for staking excluding amounts needed for redemptions, costs and liquidity. Fidelity said 85% of rewards would go to FETH and 15% to staking fees, and it plans quarterly cash distributions without guaranteeing payments.

Crypto

Ethereum spot ETFs beat bitcoin for second week, led by BlackRock\'s ETHA

Ethereum spot exchange-traded funds drew net inflows of $103.8 million last week, about three times the amount for bitcoin spot ETFs, which recorded $33.9 million, The Defiant reported. It was the second consecutive week ethereum spot ETFs outpaced bitcoin spot ETFs. The gap was driven mainly by BlackRock’s iShares Ethereum Trust (ETHA), which took in $96.3 million, while iShares Bitcoin Trust (IBIT) posted $95.5 million in net outflows.

Crypto

Bitcoin spot ETF trading slows sharply, Ethereum sees stronger net inflows

Weekly turnover in bitcoin spot exchange-traded funds over five trading sessions fell to its lowest level since October 2024, while ethereum spot ETFs drew larger net inflows. Bitcoin spot ETFs posted $33.8 million of weekly net inflows, but late-week outflows erased most midweek gains. Ethereum spot ETFs recorded $103.9 million of net inflows and have outpaced bitcoin in inflows for two consecutive weeks, despite much smaller total assets.