5 May 2025
📈SEC Extends Review Period for Franklin Ethereum ETF Staking Proposal
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend the Rule Governing the Listing and Trading of Shares of the Franklin Ethereum ETF To Permit Staking
Summary
The SEC has designated a longer period to review Cboe BZX Exchange's proposed rule change, which aims to amend the listing and trading rules for the Franklin Ethereum ETF to include staking. This extension allows the Commission to thoroughly consider the implications of the proposal and any raised issues before making a decision.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The SEC’s notice regarding the proposed rule change to permit staking for the Franklin Ethereum ETF has significant implications for businesses involved in cryptocurrency and ETF trading. The decision to extend the review period allows for in-depth evaluation of the proposal, potentially impacting market operations and compliance for companies involved.