SEC Crypto Task Force to Host May 12 Roundtable as Grayscale Seeks Staking Approval for Ethereum ETFs Managing $8.1B

The U.S. Securities and Exchange Commission’s Cryptocurrency Task Force is set to host a roundtable on May 12 titled “Tokenization – Moving Assets Onchain: Where TradFi and DeFi Meet.” Ahead of this event, Grayscale has engaged with the SEC’s Crypto Task Force to request approval for staking activities on its Ethereum ETFs. Grayscale, which manages $8.1 billion in assets, emphasized that U.S. investors are currently missing out on approximately $61 million in rewards due to the SEC’s existing ban on staking for these funds. The company has applied for amendments to its 19b-4 Form filings for the Grayscale Ethereum Trust ETF (ETHE) and Grayscale Ethereum Mini Trust ETF (ETH) to enable staking. These discussions reflect ongoing efforts to bridge traditional finance and decentralized finance through tokenization and enhanced ETF functionalities. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io