The United States Securities and Exchange Commission (SEC) has delayed a decision on whether to approve Ether staking in two Grayscale funds.
The decision on Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF has been postponed until June 1, according to an April 14 announcement from the SEC. The deadline for a decision is the end of October.
On Feb. 14, the New York Stock Exchange (NYSE) filed a proposed rule change on behalf of Grayscale that would permit investors in the company’s Ether (ETH) ETFs to stake their holdings.
Staking is the process of locking up cryptocurrency in a wallet to support the operations and security of a blockchain network, offering stakers rewards in return. The feature is considered a potentially integral part of Ether ETFs, as it could generate yield to investors,