Insiders: SEC is "very interested" in cryptocurrency ETFstake, could it be a catalyst for ETH's rise?

Fox Business News reporter Eleanor Terrett quoted sources yesterday (20) as pointing out that the SEC is currently very interested in the stake of the EthereumSpot ETF, and has even asked the industry for a memorandum detailing the different types of stakes and their benefits. Bernstein: EthereumSpot ETF stake may be approved soon!) ETH inflows are expected to double) (Background supplement: three perspectives: the potential impact of the stake mechanism on the development of ETH ETF) The US Securities and Exchange Commission (SEC) passed the EthereumSpot ETF in July last year, but compared with BTC, the EthereumSpot ETF did not perform as expected after listing. One of the main reasons may be that traditional institutions are not familiar with Ethereum, and another key factor may be that the US Ethereum Spot ETF has not played to its advantage, that is, open stake to obtain stable returns. However, just yesterday (20th), ETFStore President Nate Geraci posted on social platform X that the US SEC has confirmed Cboe's submission and sought SEC approval for 21Shares Core Ethereum ETF stake's 19b-4 application. Source: SEC is very interested in stake In response, Foss Business News reporter Eleanor Terrett quoted sources as commenting that the SEC is currently very interested in stake: Update: Based on recent contacts with SEC insiders, the agency is so interested in stake that it has even asked the industry for a memo detailing the different types of stakes and their benefits. The source expects that the SEC may soon issue a guidance on stake, as it is a topic they are currently keen to discuss. NEW: According to a source that recently spoke with the @SECGov, the agency is “very, very interested” in staking, even asking industry for a memo detailing the different types of staking and their benefits. This source expects to see some kind of agency guidance on staking in... — Eleanor Terrett (@EleanorTerrett) February 20, 2025 Open stake or promote Ethereum revival? We know that after Trump won the US election last November, BTC hit record highs many times, including SOL, XRP and other old altcoins have also updated their all-time highs, but Ethereum, as the second largest cryptocurrency, not only failed to break through the all-time high (ETH recorded a record of $4,700 in the last bull market), but also due to community dissatisfaction with the Ethereum Foundation and other factors. At one point, it followed the market FluctuationLong Wick Candle to $2,100. Regarding Ethereum's upward momentum, BIT Mining Chief Economist Youwei Yang previously said that if the next stage of the rally is to be achieved, one of the key factors is to improve the regulatory transparency of Ethereum, especially in terms of stake regulatory classification: The current EthereumSpot ETF has not yet been allowed to stake the ETH it invests in, which is a concession made by the issuer due to regulatory uncertainty. With Trump's return, there is optimism that Trump will give clear guidance on the regulation of cryptocurrency, including the Ethereumstake section, when he takes office. This could pave the way for institutions and TradFi participants to adopt Ethereum to enhance ETH's attractiveness as a long-term asset capable of generating yields. If the EthereumSpot ETF does open stake this year, perhaps in the face of a significant spur in institutional demand, ETH promises to give investors hope for a recovery. It is also worth mentioning that current Spot ETFs such as XRP and SOL are also under review by the SEC and are expected to be approved this year. Therefore, the opening of the EthereumSpot ETF to stake may also help altcoins such as XRP and SOL to obtain stake licenses in the future. Related reports Encryption Mom Hester Peirce: ETF physical redemption and stake are expected to start! U.S. encryption regulation may be clear BlackRock Ethereum ETF volume hits record high, Robinhood launches ETHstake service in Europe Hong Kong EthereumSpot ETF will introduce stake at the end of the year at the earliest, will the U.S. follow? [People familiar with the matter: The SEC is "very interested" in Cryptocurrency ETFstake, can it be a catalyst for ETH's rise? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".