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Grayscale Seeks SEC Approval for Ethereum Staking

  • Grayscale Investments met with the SEC's Crypto Task Force in Washington D.C. On April 21, 2025, to seek approval for Ethereum ETF staking.
  • The meeting followed Grayscale's filings to amend Form 19b-4 for its Ethereum Trust ETFs to incorporate staking functions, citing U.S. Regulatory restrictions as the cause.
  • Grayscale presented a point-and-click staking model and introduced a multi-layered liquidity plan including revolving credit lines and short-term financing to mitigate risks.
  • U.S. Ethereum ETPs, which hold assets totaling $8.1 billion, have been unable to earn staking rewards due to regulatory constraints, resulting in a loss of roughly $61 million up to early 2025, while similar products in Europe, Canada, and Hong Kong have successfully incorporated staking features.
  • The SEC's decision, postponed to June 1, 2025, could redefine investment access for U.S. Investors and align domestic rules with global norms amid evolving crypto regulations.
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http://coinprofitnews.com broke the news in on Monday, April 28, 2025.
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