Shocking!!!

Breakthrough! SEC gives green light to Ethereum ETF pledge, digital currency market ushered in major changes again

On Wednesday afternoon, the U.S. Securities and Exchange Commission (SEC) gave a surprising reply: the proposal submitted by Cboe BZX Exchange on behalf of 21Shares was officially confirmed. The core content of this proposal is about allowing 21Shares' Ethereum ETF to be pledged, which means that investors will have the opportunity to get more returns from Ethereum's pledge income.

If it is finally approved, investors will be able to extract additional returns from the Ethereum holdings of 21Shares Core Ethereum ETF, which will be an additional income. The document states: "The pledged Ethereum will come entirely from the Ethereum held by the trust, and these pledge operations will not constitute "delegated pledge" or be part of "staking as a service." "

The advancement of this proposal means that the potential of the Ethereum ecosystem will be further released. Last summer, the SEC approved the Ethereum spot ETF, a decision that sparked the interest of major companies in cryptocurrencies, although many companies canceled their pledge plans at the time. Under the leadership of former Chairman Gary Gensler, the SEC considered proof-of-stake tokens as securities, putting greater regulatory pressure on the cryptocurrency industry. But now, with the Trump administration taking office, the SEC's attitude has gradually softened and launched a cryptocurrency working group to classify certain tokens as "non-securities."

This change has injected new impetus into the market. Ruslan Lienkha, head of YouHodler's market, pointed out: "Under the promotion of the Trump administration, the staking business will usher in the support of the legal framework, which will not only stimulate the participation of institutional investors, but also attract more liquidity to Ethereum."

Institutional holdings also prove this trend. According to the latest 13F filing, institutional holdings of Ethereum ETFs jumped from 4.8% to 14.5% in the fourth quarter. This increase highlights the market's strong interest in staking returns and the potential of Ethereum ETFs.

This step is a key step forward for the digital currency market. Perhaps in the near future, staking will become one of the standard operating modes for crypto asset investment.