SEC Delays Decision on Approval of Bitwise Ethereum ETF Staking

The U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding the approval of the addition of a staking feature to the Bitwise Ethereum ETF. According to a filing on June 30, the SEC has initiated formal proceedings and secured additional time to reach a conclusion. The rule change proposal submitted by NYSE Arca in March would allow the ETF to stake its Ethereum (ETH) holdings and earn rewards. The SEC is conducting a careful review concerning investor protection and the adherence to fair market practices. In June, the approval decisions for several other altcoin spot ETFs were also delayed, including Bitwise's Dogecoin ETF, ...