2025-17720Notice

SEC Delays Franklin's Ether Staking Rewards Again

Published Date: 9/15/2025

Notice

Summary

The SEC is taking more time to decide if the Franklin Crypto Index ETF can let its Ether holdings earn extra rewards through staking. This affects investors and traders of the ETF, as the change could boost returns but needs official approval first. The decision deadline has been extended, so keep an eye out for updates that might impact your crypto investments.

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Proposal to Let ETF Stake Its Ether

On March 10, 2025, Cboe BZX filed a proposed rule change to allow the Franklin Crypto Index ETF to permit staking of the Ether held by the trust under BZX Rule 14.11(e)(4). If the SEC approves the change, the ETF could let its Ether earn staking rewards, which could affect returns for holders of the ETF.

SEC Extends Decision Deadline 60 Days

The SEC extended the 180-day review period by 60 days and set November 13, 2025, as the date by which it must approve or disapprove the proposed rule change (the original 180th day was September 14, 2025). This delays the final decision on whether the ETF may stake its Ether.

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Key Dates

Published Date
Effective Date
9/15/2025
11/13/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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