The SEC is currently reviewing a proposal from NYSE Arca to allow staking activities for two of Grayscale's Ethereum ETFs. If approved, the ETFs would be able to stake Ethereum tokens through trusted providers and earn rewards in ether tokens as income. The SEC's decision is expected to be made before May 26, 2025. The custody arrangement for the ETFs will remain unchanged, with Coinbase Custody securing the ETH holdings. The SEC's review includes a public comment period and the decision timeline could be up to 90 days from the notice publication. Grayscale Investments had previously proposed adding staking to its spot Ethereum ETF but faced regulatory complexities.



Other News from Today