Fidelity Investments has amended its application for a spot Ether (ETH) exchange-traded fund (ETF) to include an option for staking, aiming to offer additional income to clients and potentially increase the chances of approval by the Securities and Exchange Commission (SEC). Despite skepticism from some market observers about the likelihood of approval for Ethereum-based ETFs, particularly those involving staking, Fidelity's strategy could be a tactical play to negotiate with the SEC. By proposing staking, Fidelity might be aiming to give the SEC a concession point, which could facilitate the ETF's approval. The amended 19b-4 filing also includes a more in-depth analysis on the correlation between ETH spot and futures markets, referencing the approval of a spot Bitcoin ETF as a precedent, with industry insiders bullish on a May 23rd approval. This development has sparked discussions among industry insiders about the SEC's stance on cryptocurrency ETFs and the potential impact on the Ethereum market.