Something Big Might Be Coming for Ethereum! First Application Filed That Signals a Turning Point in ETH! Here Are the Details…

The SEC took important steps for the cryptocurrency industry by approving Ethereum ETFs after Bitcoin in 2024. However, it did not allow the staking feature to be included when approving ETH ETFs. While this situation has been frequently criticized, expectations that the new SEC administration will be more moderate have led to activity in ETH as well as new altcoin ETF applications. At this point, the CBOE BZX exchange proposed a staking change in the 21Shares Ethereum ETF. Bloomberg ETF analyst James Seyffart said the CBOE BZX Exchange has filed an application to allow staking of the Ethereum held by the fund and replace the 21Shares Core ETH ETF. According to Seyffart, this is the first application filed with the SEC to add staking to ETH ETFs. Cboe included the following statements in its amendment filing: “Based on discussions, the Exchanges are proposing an amendment to allow staking of Ethereum held by the ETF. Allowing the ETF to stake Ethereum will benefit investors and help the Foundation better track the returns from holding Ether.” The filing included assurances that 21Shares would provide sufficient liquidity to cover staking payouts. Market analysts predict that SEC approval of staking could make ETH ETF much more attractive to institutions and would be positive for ETH. At this point, popular cryptocurrency investor Ash said on his Crypto X account, “This is a huge deal for Ethereum.” Ethereum price has fully recovered its losses in the last 24 hours after 21Shares proposed adding staking services for its spot ETH ETF. After falling to $2,550 following the CPI data that came in above expectations, Ethereum rose 5.7% in the last 24 hours to reach $2,740. *This is not investment advice. Continue Reading: Something Big Might Be Coming for Ethereum! First Application Filed That Signals a Turning Point in ETH! Here Are the Details…