20 Jun 2025
💰SEC Considers Rule Change for Fidelity Ethereum Fund Staking
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Order Instituting 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 SEC is evaluating a proposed rule change from Cboe BZX Exchange to permit the staking of ether within the Fidelity Ethereum Fund. This assessment involves legal and policy considerations, with an emphasis on the protection of investors and the integrity of the market. The public is invited to submit comments on the proposal by July 11, 2025.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC is considering a rule change for the Fidelity Ethereum Fund that would allow staking of ether, impacting businesses associated with cryptocurrency investments and trading. This could influence market dynamics and regulatory compliance for businesses offering related financial products.