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The Coin Rise 2025-02-20 22:00:30

US SEC Signals Ethereum ETF Staking Has a Chance

Ethereum staking in ETFs is moving closer to approval after the U.S. Securities and Exchange Commission (SEC) acknowledged a key proposal. Notably, this has renewed confidence, pushing more institutional investors to add to their holdings. SEC Takes a Step Toward Ethereum ETF Staking According to the filing , the US SEC recently acknowledged a request from 21Shares submitted through the Cboe BZX Exchange. Essentially, this will allow staking in its Ethereum ETF. SEC has *acknowledged* Cboe’s 19b-4 filing seeking approval of staking in 21Shares Core Ethereum ETF… No surprise, but nice to see progress. pic.twitter.com/DoM0HbmSse — Nate Geraci (@NateGeraci) February 19, 2025 Furthermore, if the request is granted, this would be the first ETF in the U.S. to provide staking, giving investors a way to earn rewards on their holdings. In addition, the proposal disclosed different staking models, including staking-as-a-service and delegated staking. These options let investors stake ETH through the fund without managing the process. Many believe the current administration’s pro-crypto stance could help push the approval forward. Big Investors Show Confidence It is worth mentioning that these major announcements have led institutional investors to become more interested in Ethereum. For instance, this week, Fidelity bought $24.47 million worth of ETH, bringing its total net inflow to $1.54 billion. It now holds $1.27 billion in Ethereum assets. Meanwhile, Grayscale has been selling off its Ethereum holdings, with $5.45 million sold recently. Since Ethereum ETFs launched, it has offloaded nearly $4 billion but still holds $3.54 billion, making it the second-largest holder. Ethereum Price Looks Toward $4,000 More importantly, Ethereum’s price is slowly recovering . Per the report, It recently bounced from a key support level at $2,644 and now trades at around $2,736. Nonetheless, ETH must break above the 20-day EMA at $2,784 to maintain its upward trend. If this happens, it could climb to $3,114 and $4,000. ETH’s support levels currently stand at $2,600 and $2,224. Investors are watching closely how the market reacts to the ETF staking news . If approved, it could fuel a bigger rally. However, price movements will depend on broader market trends and regulatory decisions in the coming weeks. The post US SEC Signals Ethereum ETF Staking Has a Chance appeared first on TheCoinrise.com .

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