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Ethereum ETFs May Soon Allow Staking, Suggests SEC Commissioner Peirce

Bitcoinist LogoBitcoinist12h ago

Ethereum ETFs May Soon Allow Staking, Suggests SEC Commissioner Peirce - Bitcoinist

Quick Summary:

In a recent interview, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce reopened the discussion of adding staking features to Ethereum ETFs (exchange-traded funds) after their upcoming launch, possibly on July 23.  Initially, ETF issuers such as VanEck and Fidelity had sought approval to wager the underlying Ethereum held in their products.

I think certainly something like staking, or any feature of the product — we saw that on the Bitcoin exchange traded products too, right?

Staking involves token holders earning rewards by securing their tokens and contributing to the security of a blockchain network.

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Ethereum ETFs May Soon Allow Staking, Suggests SEC Commissioner Peirce - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 17:44:56 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 534 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21666908

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 14 posts per day

Year Established: 2014

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News Last Updated: 9 hours ago

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Publisher ID: #105

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