Ark 21Shares Amends Ether ETF Proposal to Include Staking

The amendment could significantly impact the staking industry and marks a potential milestone for the integration of traditional finance and digital assets.

• Ark 21Shares has amended its spot ether ETF proposal to include language on potential staking, marking a significant move towards integrating traditional finance with digital assets.
• The amendment introduces the possibility of staking a portion of the ETF's assets through trusted third parties, aiming to generate staking rewards which could be considered income.
• The SEC is set to decide on the spot ether ETFs in May, with analysts estimating a 60% chance of approval despite uncertainties around the inclusion of staking.
• The inclusion of staking in the ETF proposal could lead to exponential growth in the staking industry and necessitate the development of distributed validator technology.
• The updated proposal ensures that the ETF will only include cash creations, aligning with the SEC's preference and differentiating it from previous filings.

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