The U.S. Securities and Exchange Commission (SEC) has officially acknowledged BlackRock’s filing to permit staking for its spot Ethereum exchange-traded fund (ETF).
The U.S. Securities and Exchange Commission (SEC) has officially acknowledged BlackRock’s filing to permit staking for its spot Ethereum exchange-traded fund (ETF). This development allows investors in BlackRock’s spot Ethereum ETF to participate in staking, a process that involves locking up cryptocurrency to support network operations and earn rewards. The acknowledgment by the SEC marks a notable step in the regulatory landscape for cryptocurrency investment products, potentially enhancing the appeal and functionality of BlackRock’s Ethereum ETF.
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Source: https://thedefiant.io/news/regulation/u-s-sec-acknowledges-blackrock-filing-to-permit-staking-spot-ethereum-etf-0adfb109