Cboe BZX Exchange Submits Proposed Changes Seeking Collateralization for 21Shares Core Ethereum ETF

Odaily Planet Daily News Cboe BZX Exchange submitted a change seeking to allow staking of the 21Shares Core Ethereum ETF and awaits the next move from the U.S. SEC. The document shows: "Based on discussions with the sponsor, the exchange proposed to amend several sections of ETH ETP Amendment No. 2 to allow staking of Ethereum held by the trust." Bloomberg ETF analyst James Seyffart hinted that the document filed on Wednesday was the first ETF submitted to the SEC to allow staking. The SEC approved the 21Shares Core Ethereum ETF last year, as well as Ethereum ETF applications from companies such as BlackRock and Fidelity. Many companies removed staking from their registration statements before the agency approved it. The agency, under former SEC Chairman Gary Gensler, has previously stated that proof-of-stake tokens are securities. The SEC is expected to take a friendlier stance on cryptocurrencies in the Trump administration and has set up a cryptocurrency working group with plans to classify some tokens as "non-securities." (The Block)