Fidelity wins approval to stake up to 100% of ETH, SOL ETF holdings

Fidelity has amended the prospectuses for its spot Ethereum ETF, FETH, and spot Solana ETF, FSOL, securing the ability to stake as much as 100% of fund holdings, CryptoSlate reported. As of June 30, FSOL was already staking 99.64% of its holdings, while FETH plans to begin staking soon after a rule change on Aug. 21. The filings also outlined withdrawal-delay risks, noting that unstaking SOL takes about two days, while ETH unstaking times vary with validator queues, which could delay large ETF redemption requests during periods of network congestion.