Ethereum ETF Advances with SEC Nod

SEC Reviews Grayscale’s Proposal for Ethereum ETF Staking

• The SEC published a filing from NYSE Arca on February 25 regarding Grayscale’s Ethereum ETFs.
• The proposal allows the Grayscale Ethereum Trust ETF and Mini Trust ETF to earn staking rewards.
• Staking will be conducted through trusted providers, excluding Grayscale affiliates.
• Ethereum staked will remain under custodial control, addressing security concerns.
• The SEC has a 45-day window to approve or disapprove the proposal.

The SEC is reviewing a proposal that would enable Grayscale’s Ethereum ETFs to participate in staking, with assets remaining securely under custody. The decision is expected within 45 days of filing publication.