Alex Thorn believes that the US Securities and Exchange Commission (SEC) may define staked ether (sETH) as a security, and the underlying asset will not be included in this category of assets. The director of the research department suggests that in this way the regulator is trying to find a way out of a situation in which investors and the market are putting strong pressure on it:
“Staking is a key barrier to the launch of a new exchange-traded asset class.”
One of the conditions for the creators of new crypto funds will be the exclusion of staking from the list of available options, insists the top manager of Galaxy Research.
Previously, several companies included a staking feature in updated applications for spot ETH-ETFs and requested permission to earn asset income through this service. However, it later became known that the applicant companies Ark Invest and 21Shares removed stake from their applications. This may indicate the presence of an SEC requirement.
Earlier, the US Securities and Exchange Commission urged exchanges on which shares/units of future Ether spot ETFs are to be traded to expeditiously update their registration forms.
Source: Bits
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