The U.S. Securities and Exchange Commission (SEC) has announced a delay in making a decision about allowing Ether Staking in two of Grayscale's ETFs.
Specifically, according to the notice on April 14, the SEC has extended the review deadline for the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF to June 1, with the final decision deadline at the end of October.
Previously, on February 14, the New York Stock Exchange (NYSE) submitted a regulatory change proposal on behalf of Grayscale to allow investors in the company's Ether ETFs to participate in Staking.
Staking is the process of locking tokens in a wallet to support blockchain network operations and security, in return for which users receive rewards. Integrating the Staking feature is considered an important factor in increasing the attractiveness of Ether ETFs, thanks to the ability to generate returns for investors.
According to current data, Coinbase offers an Ether Staking yield of around 2.4% per year, while Kraken provides a range from 2% to 7%. Since its launch in 2024, Ether ETFs have attracted a total net capital flow of up to $2.28 billion, according to statistics from Sosovalue.
The Staking integration race is not limited to Grayscale. BlackRock, through 21Shares iShares Ethereum Trust, has also filed an application to provide Staking services since February and is currently awaiting SEC approval.
Despite delaying the Staking decision, the SEC continues to promote the approval process for cryptocurrency ETF-related proposals.
On April 9, the SEC approved options trading for multiple spot Ether ETFs, including those from BlackRock, Bitwise, and Grayscale.
Options trading allows investors to buy or sell option contracts – a tool that provides the right, but not the obligation, to purchase the underlying asset at a specific price. Approval for expanded options will make Ether ETFs more attractive to institutional investors.
These efforts reflect a reality: Ether ETFs have been much less attractive compared to Bitcoin ETFs since their launch. As of April 11, the total net capital flow into Ether ETFs was only $2.2 billion, while Bitcoin ETFs have attracted $35.4 billion.
Ether's performance in the current price cycle is also not impressive when compared to assets like XRP or Solana (SOL). Ether's 52-week high was $4,112, still unable to surpass the historical peak of $4,866 set in November 2021. As of April 14, ETH's price remains below $2,000.
You can view ETH prices here.
Disclaimer: The article is for informational purposes only and is not investment advice. Investors should thoroughly research before making decisions. We are not responsible for your investment choices.
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Thach Sanh
