Bitwise is looking to get approval for an Ethereum ETF that includes staking, which is significant news for those who hold ETH.

Bitwise’s plan to incorporate staking into an Ethereum ETF could potentially boost investor profits and make it easier to access staking rewards. The SEC’s shifting views on cryptocurrency-related financial products may lead to an increase in staking-oriented ETFs, which could heighten institutional interest in Ethereum. As reported by CNF, the SEC has already authorized Bitwise’s dual crypto ETF for Bitcoin and Ethereum combined in one fund. Additionally, the New York Stock Exchange (NYSE) has proposed to the U.S. Securities and Exchange Commission (SEC) changes to existing regulations to facilitate the inclusion of staking rewards in the Bitwise Ethereum Exchange-Traded Fund (ETF). This reflects Bitwise’s bold initiative to integrate ETFs with staking. This initiative has the potential to transform the way investors participate in Ethereum, providing staking advantages without the challenges associated with owning cryptocurrency directly. According to Form 19b-4: The Exchange is suggesting changes to the Bitwise Ethereum ETF (referred to as the ‘Trust’), whose shares have already been authorized by the Commission for listing and trading on the Exchange under Rule 8.201-E (Commodity-Based Trust Shares), to allow the Trust to stake the ether it possesses. Bitwise, a leading manager of cryptocurrency index funds, has been a pioneer in incorporating digital assets into conventional financial products. Their newest project includes partnering with the NYSE to launch an Ethereum ETF that tracks Ether’s value while also engaging in staking. The SEC’s Changing Perspective on Crypto Staking. At the same time, the SEC’s strategy for regulating cryptocurrency has been particularly fluid. Recent changes suggest a move towards a more receptive attitude regarding crypto-related financial products. In particular, the SEC appears to be taking a greater interest in the mechanics of staking, which indicates a possible willingness to approve these novel ETF formats. There has been a rise in proposals for ETFs that utilize staking.