Cboe Seeks SEC Approval for Staking in Ethereum ETF
- The proposed ETF would stake its Ethereum (ETH) holdings to earn rewards.
- Staking is a key part of Ethereum’s proof-of-stake (PoS) mechanism.
- The SEC previously approved Ethereum ETFs but prohibited staking due to legal concerns.
- Cboe suggests “point-and-click staking” to keep assets in custody and reduce theft risk.
- Approval could set a precedent for integrating staking rewards into ETFs.
The Cboe filing marks the first request for staking privileges in a US-listed crypto ETF, with potential approval influencing future investment products.
Source (2.6.1)https://cryptoslate.com/cboe-seeks-sec-approval-for-staking-in-21shares-ethereum-etf/?rand=24433