Grayscale urges the US SEC to approve ETH ETF pledge, saying it has missed out on about $61 million in profits

Mars Finance News: According to Bitcoin.com, asset management company Grayscale met with the SEC Crypto Working Group on April 21, applying for permission to stake 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 product launch to February 2025. Grayscale presented 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, unable to fully reflect the underlying asset value. Grayscale calls on the SEC to update regulatory rules by referencing traditional financial products.