SEC Delays Decision on Ethereum Staking for Grayscale ETFs to June 1
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on a proposed rule change that would allow Grayscale’s spot Ethereum exchange-traded funds (ETFs) to participate in staking on the Ethereum network. Originally filed by NYSE Arca on February 14, the proposal seeks regulatory approval for the Grayscale Ethereum Trust ETF to stake ETH, potentially unlocking new yield opportunities for investors. The SEC has extended its deadline to June 1, 2025, to either approve or reject the staking mechanism. This delay reflects the regulatory body’s cautious approach toward cryptocurrency-based financial products, particularly those involving staking—a process that has drawn scrutiny over securities law compliance. The decision could set a precedent for other Ethereum-based ETFs seeking to incorporate staking features, impacting both institutional and retail investment strategies in the crypto market.
SEC Postpones Decision on Staking Proposal for Grayscale Ethereum ETFs
The U.S. Securities and Exchange Commission on Monday delayed its decision on a proposed rule change that would enable Grayscale’s spot ETH exchange-traded funds to engage in staking on Ethereum. The Securities Commission has extended its deadline to approve or reject the proposal for the funds to stake ETH to June 1. The NYSE Arca applied on Feb. 14 to secure regulatory approval for the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF to participate in Ethereum’s proof-of-stake validation system while maintaining existing custody protections.
Ethereum Price Eyes Breakout
Ethereum (ETH) price shows rising strength by creating a symmetrical triangle on its hourly chart. Based on this formation, the price will likely move by 17% soon. ETH stays above its multi-year defense line as it continues breaking higher in its bigger market structure. The current sideways market phase has not affected Ethereum’s two future price targets of $4,811 and $8,557. The Ethereum network has the busiest development community of all blockchain systems.
SEC Postpones Decision on Grayscale Ethereum ETF Staking Rule
The U.S Securities and Exchange Commission (SEC) has extended its review of the proposed rule change on Grayscale’s Ethereum ETF. The proposal aims to offer staking features to Ether assets held by the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF. The Commission has extended the review process to June 1, 2025. On February 14, 2025, NYSE Arca submitted the proposal to the SEC under Section 19(b)(1) of the Securities Exchange Act. The proposed amendment aims to support staking of Ether assets held by Grayscale ETFs. No public comments were received on NYSE Arca’s staking proposal, and if approved, Grayscale’s proposal could reshape ETF yield with staking rewards.
20,161 Ethereum Scooped By Single Whale, ETH Price Breakout Ahead?
As Ethereum (ETH) price hovers around crucial levels, one whale has grabbed significant attention by scooping up 20,161 ETH coins in just 24 hours. This substantial purchase, valued at approximately $32.7 million, suggests growing confidence in a possible price spike. Market analysts are closely monitoring ETH for a potential price reversal. According to data analytics platform Lookonchain, the whale took advantage of the market downturn to make the purchases in two separate transactions.
