27 May 2025
📈SEC Extends Review Period for Bitwise Ethereum ETF Staking Proposal
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To Amend the Bitwise Ethereum ETF To Permit Staking
Summary
The SEC has designated a longer review period for the NYSE Arca's proposed amendment to allow staking in the Bitwise Ethereum ETF. This decision follows a submission that may impact the trading and investment landscape, as the Commission seeks to thoroughly evaluate the implications of such changes on the market.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice outlines a proposed rule change by NYSE Arca to permit staking for the Bitwise Ethereum ETF, which introduces new trading opportunities and potential revenue streams for businesses in cryptocurrency and investment sectors. The SEC's extension for review could impact compliance timelines and market strategies for affected entities.