Cboe Requests SEC to Allow Ethereum ETF ‘Staking’ … Rising Approval Expectations

# Cboe Requests SEC Approval for Staking in Ethereum Spot ETFs # SEC's Evolving Stance on Staking The Cboe Global Markets has submitted a request to the U.S. Securities and Exchange Commission (SEC) seeking approval for staking in Ethereum (ETH) spot ETFs. This request marks a significant development, as reported by CoinDesk on the 11th. Last July, prior to the launch of spot Ethereum ETFs, several issuers had incorporated staking features in their applications submitted to the SEC. However, the SEC at that time did not permit such functionalities, requiring the removal of the staking option. # Cboe's Collaborative Effort In a bid to obtain approval for staking, Cboe has partnered with five Ethereum ETF issuers: Fidelity, Franklin Templeton, VanEck, and Invesco/Galaxy. They jointly submitted an amended 19b-4 filing to the SEC. This latest filing follows the resignation of former SEC Chairman Gary Gensler. He stepped down in January, shortly before the inauguration of pro-cryptocurrency President Donald Trump. # Positive Sentiment Towards Cryptocurrency ETFs Paul Atkins, nominated by President Trump as the new SEC Chairman, has yet to undergo Senate confirmation. Meanwhile, Mark Uyeda is serving as the acting Chairman. Under Uyeda’s leadership, the SEC has shown a more favorable disposition towards cryptocurrency ETFs. This has raised hopes that the SEC may soon approve Ethereum ETFs with staking features. James Seyffart, an ETF analyst at Bloomberg Intelligence, remarked, “There are still issues to resolve, but it is likely that the SEC will allow staking within ETFs by the end of the year.” # Expansion of Cryptocurrency ETFs In addition to the pursuit of staking features, there is a broader movement towards the introduction of various digital asset-based ETFs. Recently, entities have been established in Delaware to facilitate the launch of Sui and Aptos (APT) ETFs. Furthermore, the SEC is reviewing applications for Solana (SOL) and XRP (Ripple) ETFs.