SEC Prolongs Decision on Franklin Ethereum ETF Staking Change
Published Date: 5/5/2025
Notice
Summary
The SEC is taking more time to decide on a rule change that would let the Franklin Ethereum ETF offer staking, which means investors could earn rewards by holding their shares. This affects anyone interested in trading or investing in this ETF. The decision deadline is now extended to June 16, 2025, giving the SEC extra time to review the details carefully.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Proposed ETF Rule to Permit Staking
If you invest in ETFs, Cboe BZX filed a proposed rule change on March 10, 2025 to amend the listing and trading rule for the Franklin Ethereum ETF to permit staking; the proposal was published for comment on March 18, 2025 and the Commission has received no comments.
SEC Extends Decision Deadline to June 16, 2025
If you follow the Franklin Ethereum ETF proposal (File No. SR-CboeBZX-2025-036), the SEC extended its 45-day review period and designated June 16, 2025 as the date by which it will approve, disapprove, or institute proceedings on the proposed rule change; the original 45th day was May 2, 2025.
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