Grayscale Meets with SEC to Advocate for Ethereum ETF Staking Approval
The post Grayscale Meets with SEC to Advocate for Ethereum ETF Staking Approval appeared on BitcoinEthereumNews.com. TLDR Grayscale met with SEC’s Crypto Task Force on April 21 to advocate for Ethereum ETF staking U.S. Ethereum ETPs have missed approximately $61 million in staking rewards through February 2025 Grayscale proposed a “point-and-click” staking model with multi-layered liquidity strategy to mitigate risks SEC has postponed its decision on the proposal until June 1, 2025 Non-U.S. markets in Europe, Canada, and Hong Kong already allow staking in Ethereum ETPs Grayscale Investments is making a strong case to the U.S. Securities and Exchange Commission to permit staking capabilities for Ethereum exchange-traded products (ETPs), arguing that investors are missing out on millions in potential rewards while international competitors forge ahead. Representatives from Grayscale met with the SEC’s Crypto Task Force on April 21 in Washington D.C. The meeting focused on amending Form 19b-4 filings for the Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF (ETH) to allow staking activities. The asset manager emphasized that U.S. Ethereum ETPs, which collectively manage $8.1 billion in assets, have missed out on approximately $61 million in staking rewards through February 2025. This figure doesn’t include the potential daily compounding of rewards. Craig Salm, chief legal officer at Grayscale Investments, expressed appreciation for the opportunity to engage with the SEC on this matter. The company presented its case that U.S. Ethereum ETPs should have the same staking capabilities as their international counterparts. “Through staking, US ETH ETPs will participate in validating transactions on the Ethereum network, contributing to the security and efficiency of the Ethereum blockchain, and in return, earn ETH rewards,” Grayscale stated in its memorandum. Proposed Staking Model and Safeguards Grayscale’s proposed approach involves a “point-and-click” staking mechanism designed for ease of use while maintaining strong asset custody. This model would allow asset managers to retain full control over the…
The post Grayscale Meets with SEC to Advocate for Ethereum ETF Staking Approval appeared on BitcoinEthereumNews.com.
TLDR Grayscale met with SEC’s Crypto Task Force on April 21 to advocate for Ethereum ETF staking U.S. Ethereum ETPs have missed approximately $61 million in staking rewards through February 2025 Grayscale proposed a “point-and-click” staking model with multi-layered liquidity strategy to mitigate risks SEC has postponed its decision on the proposal until June 1, 2025 Non-U.S. markets in Europe, Canada, and Hong Kong already allow staking in Ethereum ETPs Grayscale Investments is making a strong case to the U.S. Securities and Exchange Commission to permit staking capabilities for Ethereum exchange-traded products (ETPs), arguing that investors are missing out on millions in potential rewards while international competitors forge ahead. Representatives from Grayscale met with the SEC’s Crypto Task Force on April 21 in Washington D.C. The meeting focused on amending Form 19b-4 filings for the Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF (ETH) to allow staking activities. The asset manager emphasized that U.S. Ethereum ETPs, which collectively manage $8.1 billion in assets, have missed out on approximately $61 million in staking rewards through February 2025. This figure doesn’t include the potential daily compounding of rewards. Craig Salm, chief legal officer at Grayscale Investments, expressed appreciation for the opportunity to engage with the SEC on this matter. The company presented its case that U.S. Ethereum ETPs should have the same staking capabilities as their international counterparts. “Through staking, US ETH ETPs will participate in validating transactions on the Ethereum network, contributing to the security and efficiency of the Ethereum blockchain, and in return, earn ETH rewards,” Grayscale stated in its memorandum. Proposed Staking Model and Safeguards Grayscale’s proposed approach involves a “point-and-click” staking mechanism designed for ease of use while maintaining strong asset custody. This model would allow asset managers to retain full control over the…
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