SEC has confirmed receipt of Grayscale's application, seeking to open Ether Square spot ETF stake function, ETH/BTC Rebound

Grayscale has applied for the spot Ethereum ETF to provide staking functionality. If approved, it will bring a new revenue model for investors, but the SEC's final decision remains uncertain. (Background: SEC Trends》 Meeting with Fidelity, MITRE to discuss 'ETF stake' and DeFi regulation) The U.S. Securities and Exchange Commission (SEC) has confirmed receipt of Grayscale's application to open staking for its spot Ethereum ETF. If the proposal is ultimately approved, the spot Ethereum ETF will be able to provide investors with the opportunity for staking income, offering not only more diverse investment options for Ethereum enthusiasts and investors, but also potentially more liquidity and potential returns to the market. Currently, investors holding the Ethereum spot ETF can only generate income through coin price increases, but investors who buy cryptocurrency spot can currently earn an annualized return of 3-3.5% through staking. SEC's approval is expected to enhance the attractiveness of the Ethereum spot ETF. Whether the SEC will approve it remains to be seen. Although this news has sparked widespread follow-up, there is a divergence of opinions among the market and investors regarding the SEC's final decision. Some netizens believe it is a positive signal released by the SEC, thinking that the introduction of staking functionality may boost Ethereum demand and thus drive up its price; however, some investors are reserved about the possibility of the SEC's final approval, believing that regulatory agencies will remain cautious about cryptocurrency product regulation. Ethereum price fluctuations On the other hand, the price ratio of Ethereum to BTC (ETH/BTC) has rebounded from a low of 0.02605 yesterday, temporarily reaching 0.02806. With the upcoming Ethereum upgrade, the market's enthusiasm for Ethereum seems to be on the rise. In the future, if the SEC does approve Ethereum staking functionality, it may attract more investors to follow the Ethereum market again. Related reports SEC Trends》 Meeting with Fidelity, MITRE to discuss 'ETF stake' and DeFi regulation Insider: SEC 'very interested' in cryptocurrency ETF stake, could it be a catalyst for ETH's rise? Bloomberg Analyst: 90% chance of Litecoin spot ETF approval, Franklin introduces BTC+Ethercoin Index ETF《SEC confirms receipt of Grayscale's application, seeks to open Ethereum spot ETF staking function, ETH/BTC Rebound》This article was first published on BlockTempo, the most influential blockchain news media in BlockZone.