25 Feb 2025
💰Cboe BZX Proposes Rule Change for 21Shares Core Ethereum ETF Staking
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend the 21Shares Core Ethereum ETF, Shares of Which Have Been Approved by the Commission To List and Trade on the Exchange Pursuant to BZX Rule 14.11(e)(4)
Summary
The Securities and Exchange Commission published a notice regarding the Cboe BZX Exchange's proposed rule change to allow staking of Ethereum in the 21Shares Core Ethereum ETF. This amendment aims to enhance income generation for the Trust and aligns with modernized staking practices on the Ethereum network while ensuring compliance with relevant regulations.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows the Cboe BZX Exchange to permit staking of Ethereum held by the Trust, which could generate additional income for the Trust and its shareholders. This amendment may impact investment strategies, liquidity management, and regulatory compliance for businesses involved in cryptocurrency and financial services.