4 Aug 2025
📈SEC Extends Decision Period for 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, as Modified by Amendment No. 1, To Amend the Rule Governing the Invesco Galaxy Ethereum ETF To Permit Staking
Summary
The SEC has announced a longer review period for the Cboe BZX's proposed rule change to allow staking within the Invesco Galaxy Ethereum ETF, initiated on June 9, 2025. The Commission emphasizes the need for additional time to evaluate the complexities of the proposed amendment effectively.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC's extension of the decision period for the Cboe BZX proposal regarding the Invesco Galaxy Ethereum ETF to permit staking suggests potential regulatory changes for investment strategies involving ETFs and cryptocurrencies, affecting business operations and compliance requirements for relevant financial firms.