SEC Inches Closer to Dual-Share-Class Approval

SEC Inches Closer to Dual-Share-Class Approval

The more classes, the merrier. The Securities and Exchange Commission appears to be on the cusp of approving dual share classes, and it’s advising dozens of fund companies to copy Dimensional Fund Advisors’ approach in their applications. Mutual funds being able to add an ETF share class, and vice versa, could prompt numerous asset managers to add fund shares. And for issuers, adding a mutual fund share class could open the door to 401(k) plans,…

SEC Postpones Decision on Staking Proposal for Grayscale Ethereum ETFs - WorldNL Magazine

The U.S. Securities and Exchange Commission on Monday delayed its decision on a proposed rule change that would enable Grayscale’s spot ETH exchange-traded funds to engage in staking on Ethereum. The Securities Commission has extended its deadline to approve or reject the proposal for the funds to stake ETH—or to begin proceedings on the matter—to June 1, the regulator said in a letter dated April 14. The NYSE Arca applied on Feb. 14 to secure r…

SEC Postpones Decision on Staking Proposal for Grayscale Ethereum ETFs

The regulator will approve or reject the staking proposal, or begin proceedings on the matter, by June 1.

SEC delays call on Grayscale’s Ethereum ETF staking proposal

The SEC said it would defer its decision on the Grayscale ETFs until June 1. A final ruling deadline is set for late October. Ether’s market performance has lagged relative to peers in the current bull market. The US Securities and Exchange Commission (SEC) has postponed its decision on whether to permit Ether staking within […] The post SEC delays call on Grayscale’s Ethereum ETF staking proposal appeared first on CoinJournal.

The regulator indicated that it requires more time to evaluate Grayscale’s application for its Ehtereum-based products, so that it could receive a verdict next July. *** The decision was scheduled for April 17, but was extended under the Securities Exchange Act 1934. Stacking would allow ETFs to get rewards for participating in block processing on the Ethereum network. Grayscale seeks to offer this functionality without mixing funds or compromis…

SEC Delays Decision on Grayscale Ether Staking While Approving Options Trading for Ether ETFs

The SEC has postponed its decision on Ether staking, signaling ongoing regulatory scrutiny amidst a competitive ETF landscape. This delay comes after the SEC approved options trading for multiple Ether