Fidelity has rolled back plans to stake ether (ETH) holdings in its proposed spot exchange-traded fund (ETF).
Staking involves locking cryptocurrencies to support blockchain operations in return for rewards, with annualized yields on ether staking currently around 3%.
Staking is the process of locking certain cryptocurrencies for a set period of time to help support the operation of a blockchain, in turn, for a reward.
CoinDesk reported on Monday that the U.S. Securities and Exchange Commission (SEC) asked aspiring ether exchange-traded fund exchanges to update 19b-4 filings ahead of a key deadline this week - boosting expectations of an ETH ETF.
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