SEC Reviews Grayscale Ethereum ETF Proposal

SEC Reviews Grayscale Ethereum ETF Staking Proposal

• The SEC is reviewing a proposal for staking in Grayscale’s Ethereum ETFs, with a decision expected by May 26, 2025.
• The proposal was submitted by NYSE Arca on February 14, 2025.
• Staking would be managed solely by the ETF’s sponsor, without pooling or marketing as a service.
• Coinbase Custody will maintain the security of the fund’s Ethereum holdings.
• The SEC has initiated a public comment period with an initial decision timeline of up to 90 days.

The SEC is evaluating Grayscale’s proposal to allow staking within its Ethereum ETFs, aiming for a decision by May 26, 2025. The process involves Coinbase Custody securing assets and includes a public comment period.