【US SEC Delays Decision on Bitwise Ethereum ETF Staking Proposal】
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Bitwise's Ethereum ETF staking proposal and announced the launch of a new round of review while seeking public comments. Previously, Bitwise proposed to add staking functionality to its Ethereum ETF, allowing investors to participate in network security and earn rewards by locking up Ethereum. Bitwise believes this could enhance investor returns without changing the ETF structure. However, the SEC has expressed concerns about the investment risks and potential conflicts of interest that staking may pose, stating that any modifications must ensure investor protection and fair trading. The SEC issued a statement on June 30, indicating the need for further assessment of the impact of staking on investors and established a public comment period. Currently, Bitwise's Ethereum ETF will remain unchanged, holding only spot Ethereum. This decision may impact the staking functionality of similar ETFs in the future. If approved, other fund management companies may also attempt to incorporate staking features. Additionally, Rex-Osprey CEO Gregory King stated that its Solana staking ETF is expected to launch on July 2. Previous reports indicated that the REX-OSPREY SOLANA ETF will begin trading on Wednesday.
