Cboe files proposal for staking in Fidelity’s Ethereum ETF

The Chicago Board Options Exchange has filed a proposal with the U.S. Securities and Exchange Commission to permit staking for the Fidelity Ethereum Fund. 

This initiative aims to enable the fund to stake its Ethereum (ETH) holdings, potentially enhancing returns for investors. Staking involves committing crypto holdings to support the operations of a blockchain network. 

In Ethereum’s proof-of-stake system, validators are selected based on the number of tokens they stake, which helps secure the network and process transactions. Participants earn rewards, typically in the form of additional tokens, for their contribution.

Ethereum’s price reacted positively to the news, with a slight increase to $1,960.

If approved, the Fidelity Ethereum Fund would be among the first ETFs in the U.S. to incorporate staking. This could offer investors a way to earn staking rewards without managing the technical aspects themselves. 

Bitcoin Suisse predicted this and projected that Ethereum-staking ETFs could outperform Bitcoin ETFs and that financial giants would launch institutional rollups on Ethereum.

Bitcoin Suisse also predicted that the crypto bull market would continue in 2025, with Bitcoin (BTC) reaching a new all-time high above $180,000.