Bitcoin ETF issuer, Valkyrie Funds will not apply for a spot Ethereum ETF in the United States due to regulatory issues surrounding staking. The company will not join the bandwagon in making filings to the US Securities and Exchange Commission (SEC) towards an Ethereum ETF, Fox Business reporter Eleanor Terrett disclosed, citing sources familiar with the matter.
According to the post on X (formerly Twitter), the company flags the recent staking issue as a major reason because investors may not see value without the feature. Furthermore, the crowded nature of applications will reduce profitability for investors without staking. At the moment, there are nine potential issuers of spot Ethereum ETFs.
SEC Flags Staking
In the last 24 hours, companies have made amendments to the S-1 applications. The major issue lies in the staking feature as the regulator seeks to remove it amid regulatory concerns. Today, Fidelity filed an updated S-1 to the effect that underlying ETH will not be staked.
We współpracy z: https://coingape.com/coinshares-valkyrie-funds-will-not-apply-for-a-spot-ethereum-etf/
