Financial giant Fidelity has amended its spot ether ETF application to include provisions for staking the cryptocurrency.
The largest of such providers, Lido, currently has $35 billion worth of ether locked.
Since its spot bitcoin ETF was approved in January, Fidelity has amassed about 132,570 bitcoin, worth over $9 billion, in assets for its first spot cryptocurrency exchange-traded product.
Staking is where one actively participates in transaction validation on a proof-of-stake (PoS) blockchain such as Ethereum and earns rewards. Thus, a multi-billion dollar player such as Fidelity staking ether could conceivably change the ecosystem of Ethereum itself.
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