The New York Stock Exchange (NYSE) submitted to the US regulator on behalf of the asset manager GrayScale and obtained approval to introduce the Staying to the Spot Ethereum Exchange-Traded (ETF).
If it is approved, the GrayScale is the GrayScale Ethereum Trust ETF (ETHE) and the GrayScale Ethereum Mini Trust ETF (ETH) H) steak (ETH) Can. .
Gray scale does not promote certain levels of profits from staying.
GrayScale said he would be rewarded for staying from all staying activities where funds participated.
NYSE modifies the GrayScale Ethereum Trust ETF and the Grayscale Mini Trust ETF to allow stew. source: Nyse
The submission said GrayScale will not promote or guarantee certain levels of profits for investors.
Instead of the trust, the sponsor’s staying activity does not form a “delegated staying” and will not form some of the “Staying as a Service”.
“If the Trust allows you to steak the ether, it will exercise the right to free the Trust and to help the Trust better track the profit of holding the ether.”
GrayScale said Staying will improve the creation, restraint processes and efficiency of Spot ethter ETFS and provide more advantage to investors. According to Crypto Exchange Coinbase, Ether’s estimated staying compensation rate is 2.06%.
21Shares recently submitted a similar proposal.
This was applied by CBOE BZX Exchange to the US SEC after the first a few days after the asset manager 21shaes submitted a staying in the Spot Ether ETF.
In July 2024, the SEC asked the issuer to eliminate the ability to receive the Staying Rewards before approving the Spot Ether ETF. 21Shares stopped the steaking plan at the Spot ether ETF proposal two months before the fund was approved in May 2024.
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But this policy can be reversed to a more encrypted SEC, depending on the Donald Trump administration.
According to JITO and Multicoin Capital, “We understand that (sec) staff can again visit Staying of ETH and other encryption assets in relation to the new application submitted to SOL ETP.”
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