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$2,563,721,503,964
Market Cap
$102,685,933,100
24h Vol
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Cryptocurrencies
62.39%
Bitcoin Share
The Defiant 2025-04-14 16:00:40

SEC Delays Decision on $ETH Staking for Grayscale's ETFs Until June 1, 2025

SEC Delays Decision on $ETH Staking for Grayscale's ETFs Until June 1, 2025

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on allowing staking in Grayscale's spot Ethereum ETFs. The proposal under consideration would permit the Ethereum ($ETH) held by Grayscale's ETFs to earn staking rewards, which could position it as the first U.S. ETF to generate on-chain yield. The SEC's notice indicates a longer period for action on the proposed rule change to amend the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF. The new deadline for the SEC's decision has been set for June 1, 2025. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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