Ethereum ETF Staking Still Has Hope Could Be Launched
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Read more: Ethereum ETF Trading Exceeds $1 Billion in Volume on the First Day
The agency expressed concerns that staking may have violated federal securities laws related to the offering of an unregistered security.
Even in light of this news, hopes remain high. BlackRock’s head of digital assets, Rob Mitchnick, commented that Ethereum ETF staking isn’t actively being considered at the moment, but there were hopes that regulatory changes would happen to one day pave the way for its inclusion.
BlackRock, Fidelity, and Franklin Templeton are three financial giants who have shown interest in implementing staking capabilities. According to Fidelity’s Cynthia Lo Bessette, it plays an important role in securing the Ethereum ecosystem.
The future of Ethereum ETF staking is also drenched in political factors. According to Nate Geraci, the president of the ETF Store, a possible Trump Administration would fast-track its approval for staking following up on that very crypto-friendly stance earlier taken. Otherwise, ETF issuers could be in a limbo situation while waiting for clearer regulatory frameworks.
For now, Franklin Templeton and others have opted for simpler, unstaked versions of their ETFs that carry less execution risk and a much clearer path to approval. Should regulators one day change their tune, asset managers like Franklin’s David Mann are ready to revamp their products.
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