21Shares Ethereum ETF Staking proposal acknowledged by SEC

The American Securities and Exchange (SEC) commission recognized a 19B-4 deposit of CBOE BZX Exchange, subject to the name of 21 shares, seeking to approve for P in Ethereum held in the 21shares Core ETF ETF.

On February 20, the dry published A declaration recognizing the reception of the Etherum of the 21Shares (Ethn) Proposal to set up the FNB following its examination of the deposit from the CBOE BZX exchange. If it is approved, it would be the first time that an ETF has been offering smart stakes.

By marking ETH, the plan aims to allow the FNB to produce additional profits, which investors would then receive. The document stipulates that all the stretch ether will belong to the trust, distinguishing it from models such as the development as a service or a delegated intention that has already encountered regulatory opposition.

The SEC has always had a strict policy concerning the assets of proof of bet. The government has classified activities related to participation as titles under the former president Gary Gensler, which has led to many eTF ETF transmitters by removing the presentations of their registration declarations.

But under the Trump administration, the SEC has adopted a more pro-Crypto position, creating a working group in dedicated crypto and reconsidering the classification of certain tokens as titles. According to analysts, a more transparent legal framework can encourage broader adoption, especially among the institutions looking for more performance options in the digital asset market.

THE proposal coincides with an increase in the institutional demand for funds negotiated in exchange for Ethereum. According to recent deposits 13F, the ownership of ETH ETH increased from 4.8% to 14.5% in the fourth quarter of 2024, while the ownership of the Bitcoin ETF decreased by 22.3% to 21.5%. ETH ETF milestone is also considered by many as a major catalyst This could increase the price of the ETH.

In related development, recent recognition of Bitwise’s dry, 21Shares and Grayscale’s Registrations for Ripple (Xrp) The FNB spots triggered speculation on a wider adoption of Crypto FNB. Given increasing regulatory changes, the coming months could be essential for Ethereum, XRP and other digital assets for institutional adoption.