BlackRock, Grayscale, and Bitwise Remove Staking Provisions from Proposed Ether ETFs
BlackRock, Grayscale, and Bitwise have removed staking provisions from their proposed spot ether ETFs in amended 19b-4 forms filed with the SEC. This move is believed to have been made to avoid regulatory obstacles, as staking is considered a form of passive income in the crypto world. All ether ETF hopefuls have now filed their amended proposals ahead of an approval or disapproval decision expected on Thursday. Bloomberg analysts have updated their odds of approval to 75%, causing a market-wide jump in ether and bitcoin prices.
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