The SEC has delayed the Grayscale’s proposal to decide whether to allow staking of Ethereum Spot ETFs.
The ETF in question (Grayscale Ethereum Trust and Grayscale Ethereum Mini Trust ETF) was submitted by the NYSE ARCA on February 14, 2025. The filing included a rule change request to enable staking as part of the investment strategy.
SEC pushes back the greyscale Ethereum ETF Staking Deadline July
The SEC deadline for determining the original proposal was scheduled to end on April 17th. Under the Securities and Exchange Act of 1934, the SEC is permitted to extend this review period by up to 90 days.
The agency is currently exercising that option. This allows the SEC to decide to submit this by July 2025.
Staking allows ETFs to earn rewards by participating in Ethereum’s Sport-of-Stake Consensus mechanism.
Grayscale proposes to carry out staking exclusively by sponsors without mixing funds. Additionally, Coinbase’s custody continues to protect ETH assets.
SEC delays are part of a broader pattern of careful regulation scrutiny on crypto ETF innovation, including similar applications from other asset managers.
