Source: SEC is very interested in staking! Or promote the revival of Ethereum?

The U.S. Securities and Exchange Commission (SEC) approved the Ethereum spot ETF in July last year, but its performance was worse than expected. One reason is that traditional institutions have limited understanding of Ethereum, and more importantly, existing Ethereum spot ETFs have failed to fully utilize their advantages - open staking to obtain stable returns.

However, according to a message posted on social media X by ETFStore President Nate Geraci, the SEC has confirmed the 19b-4 application for staking of the 21Shares Core Ethereum ETF submitted by Cboe.

SEC is very interested in the pledge mechanism

Fox Business News reporter Eleanor Terrett quoted sources as saying that the SEC is currently very concerned about the pledge mechanism and has even asked industry insiders to submit memorandums detailing different types of pledges and their advantages. The source expects the SEC to issue guidance on pledge soon.

Can open staking revitalize Ethereum?

Since Trump won the US election in November last year, Bitcoin has set new highs, and many old altcoins have also risen. However, Ethereum failed to break through its all-time high ($4,700) and even fell to $2,100 at one point, partly due to the community's dissatisfaction with the Ethereum Foundation.

Youwei Yang, chief economist at BIT Mining, believes that in order for Ethereum to achieve the next stage of rise, it is necessary to improve regulatory transparency, especially in terms of pledge supervision. At present, Ethereum spot ETFs do not allow invested ETH to be pledged, which is a strategy adopted by the issuer to deal with regulatory uncertainty. With Trump inaugurated, the market generally expects that it will provide clear guidance on cryptocurrency regulation, including Ethereum staking, which will help institutions and traditional financial participants adopt Ethereum and increase the attractiveness of ETH as a profit-based long-term asset.

If Ethereum spot ETFs are open for pledge this year, it may greatly stimulate institutional demand and allow investors to see hope for Ethereum's recovery. In addition, spot ETFs such as XRP and SOL are also under review by the SEC and are expected to be approved this year. The opening of pledge of Ethereum spot ETFs will also help XRP, SOL and other altcoins will obtain pledge licenses in the future.

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