Type:Notice
Citation:90 FR 16582
Reading Time:about a minute or two
On February 14, 2025, NYSE Arca, Inc. filed a proposed rule change with the Securities and Exchange Commission (SEC) to allow the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF to participate in staking. This proposed rule change was published for public comment on March 3, 2025. The SEC originally had 45 days to make a decision but has extended this period to allow more time to consider the proposal and related issues. The new deadline for the SEC to approve, disapprove, or decide on further proceedings for the rule change is June 1, 2025.
Simple Explanation
Imagine a library deciding if it should let two special books do something new and fun, like play games. The people in charge have more time to think about it to make sure it’s okay.