SEC Postpones Decision on Staking Proposal for Grayscale Ethereum ETFs – Decrypt

On Monday, the U.S. Securities and Exchange Commission delayed its decision on a proposed change to the rules that would allow Grayscale’s Spot ETH Exchange Trade Fund to engage in staking. Ethereum.

The Securities Commission has extended the deadline for approving or rejecting proposals for funds to stake ETH. I said A letter dated April 14th.

The NYSE ARCA was applied on February 14th, ensuring regulatory approval for the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF, and participating in Ethereum’s Proof and Demonstration Verification System while maintaining existing custody protections. Sec Approved Almost two weeks later.

Staking is the process of pledging cryptocurrency. Networks such as Ethereum help you verify your transactions and make your network more secure. In Ethereum, users receive Ethereum tokens as rewards for lending crypto to the network.

Commission’s decision to postpone decisions on NYSE Arca’s staking plan – a proposal that regulators deemed a risk when they lit the rash of Spot Ethereum ETF last year in green.

The digital asset market has lost 3% of its total in the past month, with Ethereum prices falling 15% over the same period at $1,640, with Coingecko data show.

It is unclear whether the deadline extension suggests that regulators are unlikely to approve staking of Grayscale Ethereum ETFs. The Securities Commission is increasingly encrypted under President Donald Trump; Paul Atkins, the new digital assets chairman Last week and I will reject some cases It has brought it to crypto companies such as Coinbase, Ripple Labs and Kraken over the past few years.

The SEC didn’t return anytime soon Decrypt’s Request a comment on the issue.

ETF experts such as Bloomberg analyst James Seyfert have predicted that regulators will give Spot Ethereum ETF publishers a future to help them participate in Ethereum blockchain staking by the end of 2025.

Committee Approved Ethereum ETF Options Earlier this month, this could be a positive indication that approval of NYSE Arca’s staking proposals will soon follow.

“Lots of people asking me about the timeline for Ethereum ETF staking approval,” Seyffart told social media. post It was released on April 9th[‘]They could be approved for early staking, but the final deadline is at the end of October. ”

Edited by James Rubin