Cboe BZX exchange files staking proposal for 21Shares Ethereum ETF with SEC
Cboe BZX exchange files staking proposal for 21Shares Ethereum ETF with SEC
The Cboe BZX Exchange has filed a proposed rule change to allow staking for the 21Shares Core Ethereum ETF.
The request, submitted through a Form 19b-4, seeks approval from the U.S. Securities and Exchange Commission (SEC) to enable staking of the Ethereum held by the trust. If approved, this would be the first ETF in the U.S. to incorporate staking.
Bloomberg Intelligence ETF analyst James Seyffart highlighted the significance of the filing, noting that it represents the first known attempt to introduce staking into a spot Ethereum ETF. While the SEC has yet to acknowledge the request, Seyffart suggested that approval is likely, given recent shifts in the agency’s stance on cryptocurrency.
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Shifting SEC approach to crypto regulation
The SEC previously approved the 21Shares Core Ethereum ETF, alongside offerings from BlackRock and Fidelity. However, many firms excluded staking from their initial filings due to regulatory uncertainty. Under former SEC Chair Gary Gensler, the agency took a stricter approach, classifying proof-of-stake tokens as securities.
With the Trump administration expected to take a more crypto-friendly stance, the SEC has established a task force to reassess its approach to digital assets. This includes potential reclassification of certain tokens as “non-securities,” which could pave the way for broader acceptance of staking in regulated financial products.
If the SEC approves the proposal, it could mark a major milestone for Ethereum ETFs, expanding their yield-generating capabilities and potentially increasing institutional demand.
