Fidelity Pursues Ethereum ETF Approval with Staking Addition, Industry Debates Strategy Including Grayscale's ETHE, Market Correlations, and Bitcoin ETF Approval

Fidelity is persistently pursuing approval for an Ethereum ETF, with the addition of staking to their application. This move has sparked debates on the likelihood of approval and potential impacts on existing products like Grayscale's ETHE. Industry experts speculate on the strategic motives behind including staking, suggesting it could be a bargaining tactic to influence SEC approval. The amended application includes detailed analysis on market correlations and references to Bitcoin ETF approval, indicating a strategic approach by issuers to engage with the SEC. Stakeholders anticipate the introduction of staked ETH ETFs from the beginning, raising questions about the choice of staking partners and the broader implications for the decentralized nature of Ethereum.