Michaela
After greenlighting options trading for Ether ETFs, the U.S. Securities and Exchange Commission (SEC) has pressed pause on a separate decision — delaying its call on whether to allow Ethereum staking in two Grayscale investment funds.
In an April 14 announcement, the SEC shared that it postponed its decision on the Grayscale Ethereum Trust ETF and the Grayscale Ethereum Mini Trust ETF until June 1. The final deadline for a ruling remains at the end of October.
“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, designates June 1, 2025, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change,” the regulator stated.
On February 14, the New York Stock Exchange (NYSE) submitted a proposed rule change on Grayscale’s behalf, seeking approval to allow staking for investors holding the company’s Ether exchange-traded funds.
Staking involves locking up cryptocurrency to help maintain and secure a blockchain network, and participants—known as stakers—are typically rewarded with additional tokens. In the context of Ether ETFs, incorporating staking could provide investors with yield on their holdings, making these funds more appealing by adding a potential income-generating component.
Other major asset managers are also seeking approval to add staking features to their Ether ETFs, including BlackRock’s 21Shares iShares Ethereum Trust, which submitted its request in February and is still awaiting a response from regulators. While staking-related decisions remain pending, the SEC continues to advance on other fronts of crypto ETF regulation.
On April 9, the SEC granted approval for options trading on several spot Ether ETFs, including those managed by BlackRock, Bitwise, and Grayscale.
This move introduces a derivatives component to the funds, giving investors the ability — but not the obligation — to buy or sell shares at a predetermined price. The addition of options trading is seen as a strategic step to enhance the appeal of these ETFs, particularly for institutional investors looking to hedge risk or implement more sophisticated trading strategies.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
