Key Takeaways:
A proposal by NYSE for the Bitwise Ethereum ETF could lead to it being the first U.S. ETF to offer staking rewards.
This would make Ethereum staking more accessible as ETF investors can earn staking yields without holding ETH directly.
The deal is still subject to regulatory approval, with the SEC, for their part, having acted against crypto firms providing staking services in the past.
Such actions might lead to greater institutional adoption of Ethereum and staking-based financial products.
NYSE’s ETF Proposal to Layer Staking on Top
New York Stock Exchange (NYSE) has filed with SEC to allow staking on the Bitwise Ethereum ETF. If approved, the ETF would stake the Ethereum it owns, collecting passive rewards that would then be paid out to investors.
This has caused some concerns ..
Support the originator by clicking the read the rest link below.
