Ether (Ether) higher as CBOE has filed a lot of amended documents to allow staking in ETFs
Crypto Exchange CBOE requires the US Securities and Exchange Commission (SEC) to allow staking on some funds exchanged by the Ether (ETH) exchange, which sends the price of token 2% higher over the past 24 hours.
Before the funds were launched in July, many staking provided their applications. However, the SEC will eventually ask them to remove this featureBecause the commission did not allow it at that time.
The CBOE, associated with five of those who gave an ETF ETF, including Fidelity, Franklin Templeton, Vaneck, and Invesco/Galaxy, on Tuesday, filed 19B-4 documents for Fidelity Ethereum Fund (Feth) and the Franklin Ethereum ETF (Ezet), to allow staking.
The move came after former SEC Chair Gary Gensler left the commission; He resigned shortly before the inauguration of crypto-friendly president Donald Trump in January.
Trump’s nominee to run the SEC, Paul Atkins, has not been scheduled for a hearing or confirmation vote in the Senate. Commissioner Mark Uyeda was the acting chair until Atkins swore. Under Uyeda’s watch, the SEC has made many positive motions about other crypto-related applications, hoping that staking can see a positive response from commissioners.
The CBOE’s request to stay is likely to be approved, said James Seyffart, ETF analyst at Bloomberg Intelligence. “There are still things that need to be fixed but we hope that the SEC will allow the ETFs this year,” he said.
Beyond the addition of staking, companies have filed to launch ETF products for a set of digital assets. Last week, companies set up Delaware companies for SUI (SUI) and APT (APT), and the SEC has already reviewed some applications for Solana (Sol) and XRP (XRP), among others.
