SEC acknowledges 21Shares' proposal to permit staking on Ethereum ETF
Powered by @unfolded- The SEC has acknowledged a proposal from 21Shares to allow staking of ether within its Core Ethereum ETF, potentially generating additional returns for investors.
- The proposal clarifies that the staking will involve only ether owned by the Trust and will not be categorized as "delegated staking" or part of a "staking as a service" offering.
- Under the Trump administration, the SEC has adopted a more favorable stance towards crypto, indicating that staking could receive a legal framework that supports broader adoption.
- Institutional ownership of Ethereum ETFs has increased significantly, with ownership rising from 4.8% to 14.5% in the fourth quarter, while Bitcoin ETF ownership slightly decreased.