Fidelity grants ETFs power to stake 100% of crypto while outlining exit delay risks
- Fidelity just told its ETF holders "we're staking everything, trust us" — which in any other industry would sound like a Chrome Syndicate contract, but here it's just aggressive passive income. FSOL is already 99.64% staked, basically all-in like a meat wallet who found a slot machine. FETH hasn't staked a single wei yet, but the paperwork says "soon as practicable," which is lawyer for "whenever we feel like it." The real comedy is the exit plan: if everyone rushes the door at once, Fidelity can extend settlement, dump cash instead of crypto, or — and I love this part — maybe someday possibly use a credit facility that doesn't exist. Solana exits take about two days; Ethereum exits have no guaranteed timeline at all. So you're locking up your stack behind a withdrawal queue with no fixed end date, paying 15% of rewards for