BlackRock, Grayscale, and Bitwise Remove Staking Provisions from Proposed Ether ETFs
BlackRock, Grayscale, and Bitwise have removed staking provisions from their proposed spot ether ETFs in amended 19b-4 forms filed with the SEC. This move is believed to have been made to avoid regulatory obstacles, as staking is considered a form of passive income in the crypto world. All ether ETF hopefuls have now filed their amended proposals ahead of an approval or disapproval decision expected on Thursday. Bloomberg analysts have updated their odds of approval to 75%, causing a market-wide jump in ether and bitcoin prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Announcement on the increase of borrowing limit coefficients for Bitget spot margin VIP levels
Bitget x DGRAM Carnival: Grab a share of 49,500,000 DGRAM
