• Why staking was removed from Ethereum ETFs to get SEC approval

    Why staking was removed from Ethereum ETFs to get SEC approval

    The removal of staking from Ethereum ETFs has been driven by regulatory pressures from the US Securities and Exchange Commission (SEC). Issuers amended their ETF filings to exclude staking provisions prior to the approvals on May 23. This strategic shift aims to align with the SEC’s regulatory expectations to allow the approval for their Ethereum…

  • No vote needed for SEC approval of Ethereum ETF in positive sign for other cryptocurrencies

    No vote needed for SEC approval of Ethereum ETF in positive sign for other cryptocurrencies

    The SEC approved Ethereum ETFs through delegated authority, a decision that could significantly impact the crypto market. Unlike the Bitcoin ETF approval in January, which required an SEC vote, this approval did not undergo a public voting process by commissioners. This method of approval, as noted by James Seyffart, means any commissioner, such as Crenshaw,…

  • SEC approves Ethereum ETFs, aligning ETH closer to commodity in industry win

    SEC approves Ethereum ETFs, aligning ETH closer to commodity in industry win

    The US Securities and Exchange Commission (SEC) has approved the first spot Ethereum exchange-traded funds (ETFs), marking a significant milestone for the crypto industry. The decision, announced today, allows asset managers such as Grayscale, Fidelity, and Bitwise to launch ETFs that directly track the price of Ethereum (ETH). Ethereum rose 2% on the news and…