21 Aug 2025
📈SEC Extends Review Period for 21Shares Ethereum ETF Rule Change
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Amend the Rules Governing the Listing and Trading of Shares of the 21Shares Core Ethereum ETF To Permit Staking Under BZX Rule 14.11(e)(4) (Commodity-Based Trust Shares)
Summary
The SEC has designated an extended review period for Cboe BZX Exchange's proposed rule change to list and trade shares of the 21Shares Core Ethereum ETF. This proposed amendment aims to allow staking under specific rules, reflecting the evolving landscape of cryptocurrency regulations and the need for careful consideration of its implications.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice involves a proposed rule change concerning the listing and trading of a cryptocurrency ETF, which could affect compliance requirements and investment strategies for businesses engaged in financial markets. The extended review period indicates regulatory scrutiny, potentially impacting market activities related to crypto assets.