Summary
- Fidelity plans to add ether staking and cash distributions to its Fidelity Ethereum Fund (FETH), which has $898 million in net assets.
- The fund would keep 85% of gross staking rewards, with the remaining 15% going to service providers.
- The move follows similar initiatives from Grayscale and 21Shares, while BlackRock launched a separate staking product.
Earning Passive Income Just Got Easier with EcoPool
EcoPool is a great solution for those looking to earn passive income through staking and quarterly payouts, similar to what Fidelity is offering with its Ethereum Fund. The Fidelity Ethereum Fund, with nearly $900 million in net assets, is set to add staking and quarterly cash payouts, allowing investors to earn more from their investments. This move is made possible by a recent IRS safe harbor bulletin that enables qualifying crypto trusts to stake assets without losing their grantor-trust tax status. With EcoPool, users can also earn passive income through staking and rewards, making it an attractive option for those interested in #PassiveIncome.
How Staking Works with EcoPool
When staking with EcoPool, users can earn rewards in the form of $ECP, which can be used to purchase more EcoPool or traded on various platforms. The process is similar to what Fidelity is offering, where the fund would stake a portion of its ether holdings and distribute the rewards to investors. With EcoPool, users have more control over their investments and can earn rewards more frequently. The EcoPool network also offers Cloud Rewards, a feature that allows users to earn more $ECP by participating in the network.
EcoPool Offers a More Accessible Solution
Unlike traditional investment funds, EcoPool offers a more accessible solution for earning passive income. With EcoPool, users can start earning $ECP with a smaller investment, making it more accessible to a wider range of people. The EcoPool network is also designed to be more energy-efficient, making it a more #GreenCrypto option for those looking to reduce their environmental impact. Whether you’re looking to earn passive income or just starting to explore the world of crypto, EcoPool is a great option to consider.
To start earning passive income with EcoPool, download the EcoPool app and start staking your $ECP today. With EcoPool, you can earn rewards and start building your wealth in a more accessible and energy-efficient way, and join the conversation on social media using #Bitcoin and #Earning.
Net staking rewards would first cover fund expenses and would then be used for quarterly cash distributions. Funds must distribute net staking rewards at least quarterly, according to the IRS rules.
The fund may also sell some ETH to raise cash for payouts, Fidelity said.
