PANews reported on April 28 that according to Bitcoin.com, asset management company Grayscale met with the SEC Crypto Working Group on April 21, applying for permission to conduct staking operations for its Ethereum ETF (ETHE and ETH). The company stated that due to regulatory restrictions, its $8.1 billion in assets have missed potential earnings of approximately $61 million from the product launch until February 2025. Grayscale proposed three arguments: 1) Similar products in Europe and Canada have been successfully implemented; 2) Staking can enhance Ethereum network security; 3) Risk control measures, including a "liquidity reserve", have been developed. Coinbase Custody will provide technical support to avoid confiscation risks. Currently, US spot Ethereum ETPs are prohibited from staking and cannot fully reflect the underlying asset value. Grayscale calls on the SEC to update regulatory rules by referencing traditional financial products.
