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2025-03336 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change To Amend the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF To Permit Staking of the Ether Held by the Trusts
March 03, 2025
Type:Notice
Citation:90 FR 11081
Reading Time:about 13 minutes
The Securities and Exchange Commission (SEC) has released a notice about a proposed rule change by NYSE Arca for the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF. The proposed change aims to allow the Trusts to stake ether, a type of cryptocurrency, to earn rewards. This proposal responds to the update in Ethereum's network from a proof-of-work to a proof-of-stake consensus mechanism, which is more energy-efficient. The SEC is inviting public comments on whether this change complies with securities regulations and serves the best interests of the investors and the market.
Simple Explanation
The Securities and Exchange Commission (SEC) is thinking about letting some big groups use a special kind of money called ether (like a digital coin) in a new way called "staking," which helps them earn more coins. They want to see if this idea is good for everyone and are asking people what they think.
2025-04353 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend the Rule Governing the Listing and Trading of Shares of the Franklin Ethereum ETF To Permit Staking
March 18, 2025
Type:Notice
Citation:90 FR 12611
Reading Time:about 15 minutes
Cboe BZX Exchange, Inc. has proposed a rule change to allow the Franklin Ethereum ETF to engage in staking with its ether holdings. This change would enable the fund, which already trades ether as a commodity, to earn additional rewards through staking, benefiting investors. The filing outlines that this staking would be conducted in a way that doesn't pose additional risks to the fund or its ether holdings. Comments from the public are invited before the Securities and Exchange Commission decides on approving the change.
Simple Explanation
The Cboe BZX Exchange wants to let a special kind of fund use its magic internet money to earn extra goodies without taking extra risks. They want people to share their thoughts about this idea before the grown-ups in charge make a decision.
2025-04227 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend the Rule Governing the Listing and Trading of Shares of the 21Shares Core Ethereum ETF To Permit Staking
March 17, 2025
Type:Notice
Citation:90 FR 12385
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) decided to take more time to review a proposed rule change by the Cboe BZX Exchange, Inc. related to the listing and trading of shares in the 21Shares Core Ethereum ETF. This proposed change would allow staking, a process where cryptocurrency holders can earn rewards. Originally, the SEC had a deadline of April 11, 2025, but has extended this to May 26, 2025, so they can thoroughly consider the rule change and any related issues.
Simple Explanation
The SEC is taking more time to decide if a new Ethereum fund on a big exchange can let people earn extra cryptocurrency by holding onto it. They need until the end of May to figure everything out.
2025-04327 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend the Rule Governing the Listing and Trading of Shares of the Franklin Crypto Index ETF To Permit Staking
March 18, 2025
Type:Notice
Citation:90 FR 12621
Reading Time:about 15 minutes
Cboe BZX Exchange, Inc. has proposed a rule change to the Securities and Exchange Commission (SEC) to allow the Franklin Crypto Index ETF to stake ether, the cryptocurrency of the Ethereum network. Staking involves locking ether to help validate transactions on the Ethereum blockchain, which can result in earning additional ether as rewards. This change is expected to make the ETF more efficient by allowing it to generate more returns for its investors, similar to how dividends work with traditional stocks. The proposal notes that this activity will not impact competition and invites public comments before the SEC finalizes its decision.
Simple Explanation
Cboe BZX Exchange wants to change the rules so a special fund called the Franklin Crypto Index ETF can earn more money by using a kind of digital piggy bank with a magical coin called ether. This means they help keep the magic of Ethereum working smoothly, and in return, they get more ether coins as a thank-you!
2025-04330 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend the Rule Governing the Listing and Trading of Shares of the Fidelity Ethereum Fund To Permit Staking
March 18, 2025
Type:Notice
Citation:90 FR 12626
Reading Time:about 14 minutes
The Cboe BZX Exchange, Inc. has proposed a rule change to the Securities and Exchange Commission (SEC) to allow the Fidelity Ethereum Fund to stake ether, the cryptocurrency of the Ethereum network. Staking involves holding and locking ether in the blockchain to support operations like validating transactions and securing the network; in return, participants may earn rewards. This proposal is intended to help the fund offer better returns to investors by allowing for staking rewards, which can also enhance the Ethereum blockchain's security and functionality. The SEC is seeking public comments on this proposed rule change.
Simple Explanation
The Cboe BZX Exchange wants to let a Fidelity Fund use its Ethereum coins in a way that helps make the computer network safer and stronger, and in return, the fund could earn extra money. The SEC is checking if this is a good idea and wants people to share what they think about it.

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