{"id":22097,"date":"2025-04-15T06:31:32","date_gmt":"2025-04-15T06:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22097"},"modified":"2025-04-15T06:31:32","modified_gmt":"2025-04-15T06:31:32","slug":"sec-delays-decision-on-staking-for-grayscales-ethereum-etfs","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22097","title":{"rendered":"SEC Delays Decision On Staking For Grayscale\u2019s Ethereum ETFs"},"content":{"rendered":"
\n

The US Securities and Exchange Commission (SEC) has announced <\/a>a delay in its decision regarding the approval of staking for Ethereum ETFs from asset manager Grayscale. This setback comes as the SEC awaits the confirmation of pro-crypto commissioner Paul Atkins, whose appointment has yet to be finalized.<\/p>\n

SEC Postpones Staking Approval On Ethereum ETFs<\/h2>\n

On February 14, 2025, NYSE Arca, Inc. submitted a proposed rule change to the SEC, seeking to amend the listing and trading rules for Grayscale\u2019s Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF to allow staking.\u00a0<\/p>\n

The proposal was published for public comment on March 3, 2025. Under the Securities Exchange Act of 1934, the SEC is required to act on such proposals <\/a>within 45 days, although it can extend this period for good cause.\u00a0<\/p>\n

The original deadline for the SEC\u2019s decision was April 17, 2025, but the Commission has now extended this timeframe to June 1, 2025, to allow for a thorough evaluation of the proposal.<\/p>\n

In a parallel move, Fox journalist Eleanor Terret reported <\/a>that the SEC is also delaying its decision on whether to permit WisdomTree and VanEck to conduct in-kind creations and redemptions for their Bitcoin and Ethereum spot ETFs until June 3, 2025.\u00a0<\/p>\n

As reported by Terret, the in-kind process allows for direct exchanges of the underlying assets\u2014Bitcoin and Ethereum\u2014rather than converting them into cash, which was previously mandated by the SEC under Gary Gensler\u2019s leadership.\u00a0<\/p>\n

New Era For Crypto?<\/h2>\n

Atkins\u2019 delayed arrival at the SEC is partly due to procedural steps that require President Trump\u2019s approval<\/a> and a formal swearing-in. While this sign-off is expected to occur soon, it has left the agency in a state of transition, with implications for the future of crypto regulation.<\/p>\n

However, this shift in regulatory approach signals a potential turning point for the cryptocurrency industry. Under Gensler\u2019s tenure, the SEC was criticized for its stringent, enforcement-heavy stance<\/a> towards cryptocurrency, which stifled innovation and created uncertainty for many market participants.\u00a0<\/p>\n

Conversely, the anticipated arrival of Atkins, known for his pro-crypto perspective, may herald a new era of more favorable regulatory conditions.<\/p>\n

Atkins\u2019 position could pave the way for the approval of numerous altcoin ETFs filed by various asset managers, aimed at providing broader exposure to cryptocurrencies like XRP, Cardano, and Solana.\u00a0<\/p>\n

\"Ethereum\"<\/p>\n

ETH, the second largest cryptocurrency on the market, is trading at $1,630 on Monday, up 6% on a weekly basis. On longer time frames, the token is still down 15% after the sell-off in February and March that saw the price of ETH <\/a>drop towards $1,380.<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The US Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the approval of staking for Ethereum ETFs from asset manager Grayscale. This setback comes as the SEC awaits the confirmation of pro-crypto commissioner Paul Atkins, whose appointment has yet to be finalized. SEC Postpones Staking Approval On Ethereum ETFs On […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22097","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22097"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22097\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}