18 Mar 2025
💰SEC Proposes Rule Change for Franklin Ethereum ETF to Allow Staking
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of 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 is reviewing a proposed rule change from Cboe BZX Exchange to allow the Franklin Ethereum ETF to engage in staking ether. This amendment aims to enhance revenue generation for the Fund and improve investor returns, adapting to the evolving landscape of cryptocurrency investments.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows the Franklin Ethereum ETF to permit staking of ether, potentially increasing returns for investors and enhancing liquidity for the fund. This may lead to an increase in interest and investments in the ETF.