The U.S. Securities and Exchange Commission (SEC) has announced a postponement in determining whether to allow staking for Bitwise's Ethereum ETF. This decision affords additional time for thorough evaluation of the proposal.
SEC Postponement
The SEC has opted to initiate proceedings that will allow for more detailed consideration. This does not imply that the proposal has been rejected, but rather that more time is needed for assessment.
Investor Protection
In this review, the SEC is evaluating whether allowing staking might expose investors to additional risks, such as fraud and manipulation. The Commission is focused on compliance with Section 6(b)(5) of the Securities Exchange Act, which emphasizes strong investor protection.
Public Feedback
The SEC is accepting public comments for the next three weeks. Interested parties can submit their thoughts and recommendations to the Commission to be considered in the final decision regarding the proposal.
A decision on the ability to stake Ethereum through Bitwise's ETF may be made as soon as July 6, 2025, unless the SEC chooses to delay it again.
