Cboe BZX has filed a request with the SEC to change rules to include staking in 21Shares Core Ethereum ETF, marking a potential major milestone for US markets.
Details of the Rule Change Request
Cboe BZX Exchange submitted documentation requesting that the SEC allow staking to be included in the 21Shares Core Ethereum ETF. This could be the first case in the U.S. of an ETF utilizing staking for additional returns.
Regulatory Shift Underway
Historically, the SEC has taken a strict stance on staking by categorizing such tokens as securities. The new filing coincides with a changing regulatory approach, potentially leading to a review of past SEC crypto ETF decisions.
Implications for Markets and Investors
Approval by the SEC could spur increased demand for Ethereum, reduce selling pressure due to locked assets, and promote broader adoption of staking in regulated markets.
The rule change request filed with the SEC could serve as a catalyst for new applications from other ETF providers, strengthening Ethereum's position in traditional finance.
