Fidelity asks the SEC to allow the rethinking of ETF of Ethereum to increase investors returns

The CBOE BZX Exchange has submitted a request before the US stock and values ​​commission. presentation.

The rethink involves blocking eth to ensure the ethereum network while rewards are generated. An ETF eth eth could offer investors additional income beyond the ETF of traditional ethereum spot if approved.

The presentation describes the advantages of participation, emphasizing that it would improve investors' yields, optimize the process of creating and redemption of the fund and improving general efficiency.

According to the presentation:

“Allowing the trust to support its ether would benefit investors and help confidence to better track the yields associated with Ether's possession. This would improve the process of creation and redemption for both authorized participants and trust, increase efficiency and, ultimately, will benefit final investors in the trust. “

The presentation also establishes strict guidelines that:

• Only the eth held in the background will be bet, without grouping assets of external entities.
• The sponsor will not announce rethinking services, guarantee returns or request assets staked from third parties.
• Bet will serve to protect the fund assets, contribute to network safety and generate the yields of the shareholders.

This presentation is not surprising, considering that several industry actors have pressed to rethink the integration into the ETFs, arguing that it allows investors to benefit from the native characteristics of the network while strengthening the safety of Blockchain.

In a recent one shipment For the SEC, the Infrastructure Company centered in Solana Jito Labs and Multicoin Capital indicated how the rethinking in the products quoted by change (ETP) could provide structural benefits and attract the interest of investors.

Companies declared:

“Restricting the rethinking of ETPs damages of cryptographic assets (i) investors, by paralyzing the productivity of the underlying asset and depriving investors of potential yields, and (ii) the safety of the network by preventing a significant part of the circulating supply of an asset.”

Meanwhile, this proposal occurs when the ETFs of ethereum face a wave of withdrawals of investors. In the last four days, the funds have registered exits greater than $ 140 million, which reflects the ongoing challenges of the market.

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