 
 
Most in the cryptosphere are anxiously waiting to see the next crypto exchange-traded fund (ETF) to be approved for listing by the U.S. Securities and Exchange Commission (SEC). For most Ripple fans, a spot XRP ETF is on the horizon as post-lawsuit momentum builds around the cross-border payments token.
But for well-known ETF expert Nate Geraci, the SEC might approve staking in spot Ethereum ETFs before giving the nod to the much-awaited XRP products.
Staking In Spot Ether ETFs Tipped As Next In Line For Approval
On Tuesday, the Securities and Exchange Commission acknowledged Nasdaq’s proposal to accommodate staking for BlackRock’s iShares Ethereum Trust ETF (ETHA).
If the proposal is greenlighted, the ETHA would be able to earn yield by locking up ether to help validate transactions on the Ethereum network, per the SEC’s filing. The ETF could stake a portion of its ETH holdings via one or more trusted providers to generate additional yield.
U.S. regulators have yet to definitively determine whether staking services offered through an ETF should be classified as securities. But the inclusion of staking in the BlackRock filing reflects increasing confidence that staking could eventually be part of crypto ETFs.
 
For NovaDius Wealth Management president Nate Geraci, who has been closely following ETF-related developments for months, staking is the final item left on his November checklist.
His forecast? The SEC could approve ETHA staking “sooner rather than later,” potentially even before any new spot crypto ETFs, including ones based on XRP, get the regulatory blessing.
Meanwhile, the SEC has recently approved in-kind creation and redemption for all spot Bitcoin and Ethereum exchange-traded funds, a move hoped to boost efficiency for institutional investors. The action implies something bigger — a regulator that once kept crypto at arm’s length is now setting the stage to usher it deeper into Wall Street.
That being said, it appears that the SEC is currently focused on streamlining how existing crypto ETFs trade rather than expanding the fund lineup.
If Geraci’s prediction comes true and the agency greenlights yield-generating ETH exposure, XRP fans might have to wait a little longer before a spot ETF fund goes live in the US.
Source: https://zycrypto.com/spot-xrp-etfs-coming-up-next-top-expert-predicts-what-might-win-sec-approval-first/