15 Sep 2025
📈Regulatory Update on Fidelity Ethereum Fund Staking Proposal
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 Fidelity Ethereum Fund To Permit Staking Under Rule 14.11(e)(4) (Commodity-Based Trust Shares)
Summary
The Securities and Exchange Commission (SEC) has extended the review period for a proposed rule change by Cboe BZX Exchange, Inc. This amendment aims to allow staking within the Fidelity Ethereum Fund, highlighting important regulatory considerations that could affect trading and investment strategies for businesses engaged in cryptocurrency.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document involves regulatory compliance regarding the proposed rule change for the Fidelity Ethereum Fund, which allows staking under specific regulations. This can impact business owners in finance and cryptocurrency sectors as it might signify new investment opportunities or obligations to meet compliance requirements.