Crypto:
33949
Bitcoin:
$88.580
% 1.04
BTC Dominance:
%60.1
% 0.88
Market Cap:
$2.92 T
% 0.41
Fear & Greed:
21 / 100
Bitcoin:
$ 88.580
BTC Dominance:
% 60.1
Market Cap:
$2.92 T

SEC Reviews Grayscale Ethereum ETF Staking Proposal!

Ethereum

The U.S. Securities and Exchange Commission (SEC) is reviewing a proposal to allow staking activities within Grayscale’s Ethereum ETFs. The decision is expected by May 26, 2025.

The SEC has begun reviewing a proposal from NYSE Arca to allow staking activities within the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF. The ruling is expected by May 26, 2025.

On February 14, 2025, NYSE Arca filed a request to modify rules to allow Grayscale Ethereum funds to stake ETH through trusted providers and earn rewards.


You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!


Both ETFs are already trading in the market. The Grayscale Ethereum Trust ETF was approved by the SEC in May 2024, and the Grayscale Ethereum Mini Trust ETF was approved in July 2024.

Staking Process and Regulatory Framework

The proposed changes include that staking will only be carried out by Grayscale. ETH will not be combined with other institutions and third-party staking services will not be marketed.

There will be no changes to the current custody regulations, with Coinbase Custody continuing to safeguard the ETH assets in the ETFs.

The SEC will subject the proposal to a public review process. The initial decision deadline is 45 days but can be extended up to 90 days from the publication date.

In March 2024, Grayscale Investments proposed adding staking features to its spot Ethereum ETF but faced regulatory hurdles. Fidelity also made a similar attempt during the same period.


You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

Rate this post
READ:  Latest in Bitcoin and Cryptocurrencies! – 14th February

Leave a Reply

Your email address will not be published. Required fields are marked *