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The Defiant 2025-02-12 23:25:13

ETH Jumps on Cboe and 21Shares’ Ether ETF Staking Filing

Etehreum’s Ether rallied on Wednesday after news that the Cboe exchange and 21Shares asked the Securities and Exchange Commission (SEC) to allow staking of the ether held by its 21Shares Core Ethereum exchange-traded fund (ETF). Ether jumped almost 6% in 30 minutes to as high as $2,782 after news of the SEC filing broke. Bloomberg ETF analyst James Seyffart said about the filing, “assuming this is acknowledged by the SEC (I'd probably make that assumption right now but you never know),” an SEC decision would be required by the end of October. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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