Fidelity has joined a list of issuers seeking to permit staking on their Ethereum ETF to offer investors extra yield...
The products launched last summer now have about $7 billion in total net assets just locked in custody accounts.
“ETPs should stake. We’ve seen in Europe that staking ETPs work and help increase investor returns and boost network security.” Right now, the only yield that asset managers can capitalize on through the ETH ETFs is the CME Ethereum basis trade. It involves buying spot ETH ETF and opening a short on the CME Futures to pocket the price difference .
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