NEWSLETTER
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The US Stock Exchange and Securities Commission (SEC) has recognized a 19B-4 presentation from CBOE BZX Exchange, presented in the name of 21Shares, seeking the approval of ethereum that is maintained within the 21Shares core ethereum ETF.
On February 20, the SEC published A statement that recognizes the reception of the ETF ETF proposal of 21Shares ethereum (eth) after its review of the presentation of CBOE BZX Exchange. If approved, this would be the first time that an ETF ethereum offers replant in the United States.
When replacing eth, the plan seeks to allow the ETF to produce additional profits, which investors would receive. The document establishes that all ether staked will be owned by the Trust, which distinguishes it from models such as trainers as service or delegated bets that have previously found regulatory opposition.
The SEC has always had a strict policy with respect to state test assets. The government classified the activities related to stagnation as values under former President Gary Gensler, which led many ETF emitters in ETFs in ethereum to eliminate the participation of their registration statements.
But under the Trump administration, the SEC has adopted a more pro-crypto position, creating a cryptographic working group dedicated and reconsidering the classification of some tokens as values. According to analysts, a more transparent legal framework for rethinking can foster broader adoption, especially among institutions that seek more performance options in the digital asset market.
The proposal coincides with an increase in the institutional demand of funds quoted in the exchange of ethereum. According to recent 13F presentations, property in eth eth increased from 4.8% to 14.5% in the fourth quarter of 2024, while bitcoin ETF property decreased marginally from 22.3% to 21.5%. ETF ETF stagnations are also seen by many as an important catalyst that could increase the price of eth.
In a related development, the recent recognition of the BITWISE SEC, 21Shares and the degrees of degrees for Ripple (XRP) spot ETF caused speculations about a broader adoption of ETF based on cryptography. Given the growing regulatory changes, the coming months could be critical for ethereum, XRP and other digital assets that seek institutional adoption.
