PANews, April 28 - According to Bitcoin.com, asset management company Grayscale met with the SEC's cryptocurrency working group on April 21 to apply for permission to stake its Ethereum ETF (ETHE and ETH). The company stated that due to regulatory restrictions, it has missed approximately $61 million in potential earnings from the $8.1 billion in assets it manages since the product was launched until February 2025. Grayscale presented three arguments: 1) Similar products in Europe and Canada have successfully implemented staking; 2) Staking can enhance the security of the Ethereum network; 3) Risk control plans have been established, including a 'liquidity reserve'. Coinbase Custody will provide technical support to mitigate the risk of forfeiture. Currently, the U.S. spot Ethereum ETP cannot fully reflect the underlying asset's value due to the prohibition of staking. Grayscale urges the SEC to update regulatory rules in line with traditional financial products.
