7 Apr 2025
💰SEC Notice on Proposed Rule Change for Ethereum ETF Staking
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1, To Amend the Bitwise Ethereum ETF To Permit Staking of the Ether Held by the Trust
Summary
This notice from the Securities and Exchange Commission outlines a proposed rule change for NYSE Arca to allow the Bitwise Ethereum ETF to engage in staking activities. The amendment would enable the Trust to earn staking rewards, potentially increasing income for investors and improving market participation in the Ethereum network.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document discusses a proposed rule change allowing the Bitwise Ethereum ETF to engage in staking, which could generate additional income for the Trust and its investors. This introduces a new revenue model for businesses involved in the ETF and the cryptocurrency space.