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2026-08-13：Institutional Yield Hunger Breaks the ETF Mold: Fidelity's 100% ETH Staking Play Signals the End of "Vanilla" Crypto Products
What happens when a spot Ethereum ETF stops being merely a price tracker and starts paying native staking yield? Fidelity's proposed FETH structure could stake every dollar of its holdings, returning 85% of rewards to shareholders, and potentially redraw the boundary between Wall Street and DeFi. But beneath the calm, Bitcoin is absorbing ETF outflows, XRP is losing its regulatory catalyst, and Solana is quietly building on-chain momentum. Then comes the darker question: could instant ETF liquidity collide with Ethereum's unstaking queue? Add a four-billion-token Harmony exploit and a CLARITY…
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