Cboe BZX Exchange, Inc. has submitted a proposal to allow staking for 21Shares' Core Ethereum ETF. A decision from SEC is awaited.
Cboe BZX Proposal and Its Significance
Cboe BZX Exchange, Inc. filed a request with the SEC to permit staking of ether held within the 21Shares Core Ethereum ETF. This marks the first instance of an ETF filing including staking.
Market Reaction to the News
Ether surged nearly 6%, reaching $2,782 within 30 minutes of the announcement of the Cboe and 21Shares' staking request. Bloomberg Intelligence ETF analyst James Seyffart highlighted the uniqueness of this proposal.
SEC’s Position and Regulatory Changes Outlook
SEC Commissioner Hester Peirce expressed optimism about forthcoming regulatory changes, including enabling Ethereum ETF staking. Peirce discussed the potential changes under new SEC Chair Paul Atkins in an interview with Coinage.
The SEC’s decision on the proposal could reshape the approach towards cryptocurrencies and broaden ETF investors' opportunities. It also signals potential regulatory changes with the new commission leadership.
