Cboe BZX Exchange has filed a rule change request with the SEC to permit staking in the 21Shares Core Ethereum ETF, marking a potential historic shift in the U.S. financial market.
Cboe BZX's Rule Change Proposal
Cboe BZX Exchange has submitted a rule change to the SEC to allow staking in the 21Shares Core Ethereum ETF. This would make it the first ETF in the U.S. to include staking rewards for Ethereum.
Regulatory Shift on Staking
The SEC has historically been strict on staking, but a shift in regulatory perspective is expected with new leadership. SEC Commissioner Hester Peirce has expressed optimism about upcoming changes under new administration, advocating for revisiting past SEC decisions on crypto ETFs.
Implications for Ethereum Market
If approved, this could lead to higher demand for Ethereum, reduced selling pressure, and greater mainstream adoption of staking. The SEC will review the rule change request, and approval could trigger a wave of similar filings from other ETF providers.
The potential approval of rule changes to allow staking in ETFs could significantly impact Ethereum's integration into traditional finance, increasing its appeal to institutional investors.
