Binance News: Cboe Files Proposal with SEC to Allow Staking for Fidelity Ethereum Fund

In a significant move that could pave the way for new revenue streams for investors in Ethereum-based exchange-traded funds (ETFs), Cboe BZX Exchange has submitted a proposal to the U.S. Securities and Exchange Commission (SEC). The proposal aims to enable staking for Fidelity’s Ethereum Fund, making it one of the first U.S. ETFs to incorporate this feature.

Cboe Seeks SEC Approval for Staking in Fidelity’s Ethereum ETF

Cboe BZX Exchange has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to allow staking for the Fidelity Ethereum Fund. The proposal seeks to enable the fund to stake its Ethereum holdings, which could enhance returns for investors by adding staking rewards. This move would make Fidelity’s Ethereum Fund one of the first U.S. ETFs to incorporate staking. Staking involves locking up cryptocurrency to support a blockchain’s operation, specifically Ethereum’s proof-of-stake system. Other firms, including Grayscale, are also seeking to incorporate staking in their Ethereum ETFs.

Declining BTC Whale Ratio on Binance May Signal Market Rebound

An analyst from CryptoQuant, Darkfost, suggests that Bitcoin’s recent downtrend may be nearing its end. This prediction is based on a decline in Binance’s BTC whale ratio, which measures the share of the top 10 inflows relative to total inflows. A high ratio typically indicates strong whale selling activity, often leading to brief corrections. However, the recent downward trend suggests that big holders are reducing their sell orders, which could be an indication of an impending market recovery.