Ethereum ETF Staking: SEC Wrestles with Crypto's Earning Perks
Published Date: 5/29/2025
Notice
Summary
The Cboe BZX Exchange wants to change the rules for the 21Shares Core Ethereum ETF so it can earn extra rewards by staking its Ethereum. The SEC is now deciding whether to approve this change, which could affect investors by potentially boosting returns. A final decision is expected by May 26, 2025, so keep an eye out for updates!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Proposal to Permit ETF Ether Staking
If you own shares of the 21Shares Core Ethereum ETF, the Cboe BZX Exchange proposed a rule change to allow the Trust to stake the ether it holds. The proposal was filed on February 12, 2025 and would amend BZX Rule 14.11(e)(4) to permit staking of the Trust's ether.
SEC Review and Decision Timeline
The SEC instituted proceedings to decide whether to approve or disapprove the proposed staking change and identified legal and policy issues under Section 6(b)(5) of the Securities Exchange Act. The Commission designated May 26, 2025 as the date by which it shall approve or disapprove (or institute further proceedings); written comments are invited by June 20, 2025 with rebuttals due by July 3, 2025.
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