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.