The U.S. Securities and Exchange Commission (SEC) has delayed its decision on allowing Grayscale's spot Ethereum ETFs, including the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF, to engage in staking until June 1, 2025. Staking involves pledging Ethereum to the network to participate in its proof-of-stake validation system, enabling the validation of transactions and earning rewards of 2-7% yield. Since their launch in 2024, these ETFs have seen a significant inflow of $2.28 billion. The SEC has also postponed its decision on in-kind creations and redemptions for WisdomTree and VanEck's spot Bitcoin and Ethereum ETFs until June 3, 2025. In-kind transactions involve the direct exchange of the underlying assets, such as Bitcoin and Ethereum, instead of cash. NYSE Arca and Cboe BZX are the exchanges associated with these proposals. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
