Crypto exchange Cboe is asking the U.S. Securities and Exchange Commission (SEC) to allow staking in several spot ether (ETH) exchange-traded funds (ETFs), sending the price of token 2% higher over the past 24 hours.
Before the funds launched in July, several issuers included staking in their applications. However, the SEC later required them to remove the feature, as the Commission was not allowing it at the time.
Cboe, which is associated with five of the issuers of an ether ETF, including Fidelity, Franklin Templeton, VanEck, and Invesco/Galaxy, on Tuesday, filed amended 19b-4 documents for the Fidelity Ethereum Fund (FETH) and the Franklin Ethereum ETF (EZET), to allow staking.
The move comes after former SEC chair Gary Gensler left the Commission; he resigned shortly before the inauguration of crypto-friendly President Donald Trump in January.
Trump’s nominee to run the SEC, Paul Atkins, hasn’t been scheduled for a hearing or confirmation vote in the Senate yet. Commissioner M
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