The post Ethereum Jumped 8% After CBOE Staked Ether ETF Application appeared on BitcoinEthereumNews.com.

On Feb. 12, the Chicago Board Options Exchange filed on behalf of asset manager 21Shares to list a spot staked Ethereum ETF. The 19b-4 filed by the Cboe BZX Exchange is for a product called the “21Shares Core Ethereum ETF”, which was previously named ARK 21Shares Ethereum ETF. Its purpose is to allow staking of the ETF’s Ethereum holdings. “I believe this is the first ETF to file with the SEC and request the ability to permit staking,” said Bloomberg ETF analyst James Seyffart. “The final deadline for this filing will be somewhere around the end of October,” he added. Cboe files 19b-4 seeking SEC approval of *staking* in 21Shares Core Ethereum ETF… pic.twitter.com/1xp3ealoH1 — Nate Geraci (@NateGeraci) February 12, 2025 Staking to Benefit Investors The product will use “point-and-click staking,” where the ETH remains in custody. Staking rewards would be treated as income for the fund, which will use trusted staking providers. There are key differences from “Staking-as-a-Service.” The ETF will only stake ETH held by the Trust itself, it will not pool with other entities’ ETH, will not advertise staking services or promise specific returns, and will not subsidize slashing risks. “Not staking the Trust’s Ether would amount to waiving the Trust’s right to free additional Ether, an act analogous to an equity ETP refusing dividends from the companies it holds,” it explained. “Allowing the Trust to stake its Ether would benefit investors and help the Trust to better track the returns associated with holding Ether.” In January, the SEC announced a new crypto task force dedicated to developing regulations for the space led by the pro-crypto Commissioner Hester Peirce, who had earlier hinted that staked ETH ETFs would be approved under the new administration. Ethereum prices gained 8% over the past 12 hours following the news, hitting…

---

Filed under: News - @ February 13, 2025 6:20 am