Grayscale Seeks SEC Approval for Ethereum Staking ETFs – Coincu

Grayscale Investments has approached the SEC regarding their Ethereum ETFs staking on April 21, 2025, in Washington, D.C. The move seeks to allow staking for their ETFs and aligns with broader strategies.

Grayscale’s plea to the SEC aims to boost competitiveness amid global precedent, promising enhanced network security. Immediate market reaction reflects a cautious optimism for regulatory clarity.

Grayscale Pushes for $61 Million in Ethereum Returns

Grayscale Investments, LLC sought approval from the SEC’s Crypto Working Group for Ethereum ETF staking on April 21, citing global precedents and enhanced security measures. Technical support from Coinbase Custody aims to mitigate risks during operations. Grayscale underscores the need for the SEC to align with international standards, as Europe and Canada successfully implement similar measures.

Potential missed returns of $61 million highlight the significance of this update. Grayscale’s assets, around 8.10 billion, are affected by prohibitions, limiting value extraction from Ethereum ETPs as the firm calls for rule changes.

Markets responded cautiously, with key figures emphasizing the need for clear regulation. SEC Commissioner Hester Peirce hinted at forthcoming guidance, aligning with Grayscale’s proposals for progressive staking flexibility.

Craig Salm, Chief Legal Officer, Grayscale Investments, LLC, said: “We appreciate the opportunity to engage with the Securities and Exchange Commission’s Crypto Task Force…to discuss staking in crypto ETPs.”

U.S. Crypto Regulation May Evolve to Match Global Standards

Did you know? In Europe and Canada, ETFs have captured additional returns through staking, showcasing the potential gains Grayscale might access if regulations adapt.

According to CoinMarketCap, Ethereum (ETH), priced at $1,788.77, has a market cap of 215.95 billion. Trading volume over 24 hours is 10.54 billion, reflecting a decrease of 19.25%. In the past 90 days, Ethereum’s price dropped 44.10%.

The Coincu research team notes favorable regulatory adaptation could elevate U.S. ETF competitivity, similar to international counterparts. Potential policy updates indicate an evolving predisposition to accommodate technological innovations in finance.