Ethereum co-founder Joe Lubin expressed optimism that issuers of staked Ether ETFs will soon receive regulatory approval from the SEC. He stated that ETF providers are actively engaged in discussions and are preparing solutions to address complexities surrounding staking and slashing. Lubin believes this development will enhance the technology and ecosystem, fostering greater client diversity. Although the SEC has previously approved spot Ether ETFs, the staked Ether ETF remains pending approval. Recent shifts in the SEC's leadership, including the creation of a dedicated framework for digital assets, could signal a favorable change for the approval process. Commissioner Hester Peirce has hinted at a more pro-crypto stance from the SEC, which could facilitate the approval of staked Ether ETFs. Currently, approximately 33.7 million ETH, valued at around $113 billion, is staked, representing 28% of the total supply. Industry experts view this potential approval as beneficial for both the ecosystem and investors.

Source 🔗