US SEC meets with Zetolabs and Multicoin Capital to discuss Ethereum ETF staking

Source
Doohyun Hwang

Summary

  • The SEC announced discussions regarding adding staking functionality to Ethereum spot ETFs.
  • Meetings with Zetolabs and Multicoin Capital covered implementation methods compliant with regulations.
  • The possibility of adding staking features has increased following former SEC Chairman Gensler's resignation.
Image=SEC Homepage
Image=SEC Homepage

The U.S. Securities and Exchange Commission (SEC) has begun discussions with the crypto industry about adding staking functionality to Ethereum (ETH) spot Exchange-Traded Funds (ETFs).

According to minutes released on the 14th (local time), SEC officials met with representatives from Zetolabs and Multicoin Capital to discuss the possibility of integrating staking into Ethereum spot ETFs and how this could be implemented in compliance with regulations.

The possibility of adding staking functionality to Ethereum spot ETFs has significantly increased since the resignation of former SEC Chairman Gary Gensler, who had been skeptical of the crypto industry. The New York Stock Exchange (NYSE) and Chicago Board Options Exchange (Cboe) have also requested permission for staking in Ethereum spot ETFs.

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Doohyun Hwang

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