EddieJayonCrypto
13 Feb 25
On Feb. 12, the Chicago Board Options Exchange filed a 19b-4 on behalf of asset manager 21Shares to list a spot staked Ethereum ETF. The ETF, named "21Shares Core Ethereum ETF," will allow staking of its Ethereum holdings. Staking rewards will be treated as income for the fund, using "point-and-clic...
On February 12, the Chicago Board Options Exchange filed a 19b-4 on behalf of asset manager 21Shares to list a spot staked Ethereum ETF, allowing staking of its Ethereum holdings. Staking rewards will be treated as income for the fund, using "point-and-click staking" with trusted providers. The SEC's final deadline for this filing is around the end of October. This move is seen as beneficial for investors and could help the fund better track returns associated with holding Ether. The SEC's new crypto task force, led by pro-crypto Commissioner Hester Peirce, hints at the approval of staked ETH ETFs.
Ethereum prices gained 8% following the news, reaching an intraday high of $2,790. However, ETH remains bearish, having lost 26% from its 2025 high of $3,700. Institutional investors show mixed sentiment, with outflows from US spot ETFs. Goldman Sachs reportedly increased its ETH exposure, holding almost $500 million in Ethereum ETFs split equally between BlackRock and Fidelity.
This development underscores the growing interest and cautious approach of institutional investors towards Ethereum, while the SEC's new crypto task force raises hopes for regulatory clarity and approval of staked ETH ETFs.