Proposal for Ethereum-Based ETF

The New York Stock Exchange (NYSE) has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to introduce staking rewards in an Ethereum-based exchange-traded fund (ETF). The proposal seeks to list and trade shares of the Bitwise Ethereum ETF with staking capabilities, marking an advancement in cryptocurrency-related financial instruments.

If approved, the ETF would allow investors to earn staking rewards through traditional investment channels rather than directly managing cryptocurrency holdings.