NYSE Arca has filed an application with the SEC to allow Grayscale’s Ethereum ETF to be collateralized

Odaily Planet Daily News According to a document on Friday, New York Stock Exchange Arca has applied to the SEC to "allow Grayscale's Ethereum ETF to be pledged." Earlier this week, Cboe BZX Exchange asked the SEC to allow the staking of ETH held in the 21Shares Core Ethereum ETF. If approved, these ETFs will be able to earn additional returns from their large ETH holdings, which may be transferred to investors. The New York Stock Exchange's documents pointed out that the "trust" will also receive part of the staking rewards. It is reported that the Grayscale Ethereum Mini Trust ETF was launched after the company converted the Ethereum Trust into an open-end fund for the first time, managing nearly $1.3 billion in assets. Coinbase, as the trust custodian, holds 477,428 ETH. (TheBlock)