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ETH Jumps on Cboe and 21Shares’ Ether ETF Staking Filing

Bloomberg analyst James Seyffart said he thought the SEC would at least start the clock on the change.
By: Leo Jakobson • February 12, 2025
ETH Jumps on Cboe and 21Shares’ Ether ETF Staking Filing

Ethereum’s Ether rallied on Wednesday after news that the Cboe exchange and 21Shares asked the Securities and Exchange Commission (SEC) to allow staking of the ether held by its 21Shares Core Ethereum exchange-traded fund (ETF).

Ether jumped almost 6% in 30 minutes to as high as $2,782 after news of the SEC filing broke.

Bloomberg ETF analyst James Seyffart said about the filing, “assuming this is acknowledged by the SEC (I'd probably make that assumption right now but you never know),” an SEC decision would be required by the end of October.

The SEC had previously stated that staking tokens were securities, but Cboe and 21Shares are betting that the new, far-more-friendly SEC under President Donald Trump will take a different position.

Ethereum ETFs allow for holding ETH but not staking the asset, which means ETH ETF holders are missing out on Ethereum staking yield.

Ethereum

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