More Waiting Game: SEC Stalls Franklin Ethereum Staking
Published Date: 9/15/2025
Notice
Summary
The SEC is taking more time to decide if the Franklin Ethereum ETF can update its rules to allow staking, which means earning rewards by holding crypto shares. This affects investors and traders on the Cboe BZX Exchange who want to stake their Ethereum ETF shares. The decision delay means no changes or money moves just yet, but the SEC is carefully reviewing the proposal.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Proposal would permit ETF staking
Cboe BZX filed a proposed rule change (filed March 10, 2025; published March 18, 2025) to amend the listing and trading rules for the Franklin Ethereum ETF to permit staking under Rule 14.11(e)(4). Staking, as described in the document summary, means earning rewards by holding crypto shares; proceedings were initiated by the Commission on June 16, 2025.
SEC extends decision deadline
The SEC extended its review period by 60 days and set November 13, 2025, as the new deadline to approve or disapprove the proposed rule change. The original 180-day deadline after publication was September 14, 2025, so the decision is delayed until November 13, 2025.
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