NYSE Arca has filed an application with the SEC to allow Grayscale’s Ethereum ETF to be collateralized
02-15 01:15
<p>Odaily News According to a filing on Friday, NYSE Arca has filed an application with the SEC to “allow Grayscale’s Ethereum ETF to be collateralized.” Earlier this week, Cboe BZX Exchange asked the SEC to allow staking of ETH held in the 21Shares Core Ethereum ETF.<br/> If approved, these ETFs would be able to generate additional returns on their large ETH holdings, which could be passed on to investors. The NYSE filing states that the “trust” would also receive a portion of staking rewards.<br/> It is reported that the Grayscale Ethereum Mini Trust ETF was launched after the company converted the Ethereum Trust into an open-end fund for the first time, managing nearly $1.3 billion in assets. Coinbase, as the trust custodian, holds 477,428 ETH. (TheBlock)</p>
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