Grayscale Urges SEC to Approve Ethereum Staking for ETFs Managing $8.1B; VanEck CEO Hopes for Solana ETF Approval

Grayscale has urged the U.S. Securities and Exchange Commission (SEC) to approve staking for its Ethereum ETFs, highlighting that U.S. investors are currently missing out on $61 million in rewards due to the lack of staking approval. Grayscale, which manages $8.1 billion in assets, met with the SEC’s Cryptocurrency Task Force on April 21 to discuss amendments to its 19b-4 Form filings for the Grayscale Ethereum Trust ETF (ETHE) and Grayscale Ethereum Mini Trust ETF (ETH). The company emphasized the need for the SEC to become comfortable with issuer solutions addressing challenges such as the mismatch between the exchange-traded product settlement cycle and the time required to transfer staked ETH. Industry leaders, including Jake from BitGo and executives from BlackRock, VanEck, and CME Group, have discussed integrating staking into ETF structures at events like the Staking Summit in Dubai and TOKEN2049 in Abu Dhabi. VanEck CEO Jan van Eck expressed optimism about the future of Ethereum staking within ETFs and mentioned hopes for a Solana ETF approval. He also noted that traditional investor adoption of crypto remains in early stages, signaling potential growth in institutional investment in the sector. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant