Bitcoin Giant Grayscale Also Agreed to the SEC: Removed the Critical Ethereum Possibility!

Grayscale, one of the largest cryptocurrency management companies, made an important update in its spot Ethereum ETF application.

After the U.S. Securities and Exchange Commission (SEC) requested swift regulation from spot Ethereum ETF issuers on May 20, many companies followed suit.

A common move by these companies looking to issue ETFs was to remove the Ethereum staking option. Grayscale was also among those who made this decision. Recently, leading financial giants such as Fidelity and VanEck also removed the staking option from the spot Ethereum ETF application.

Making a statement on the subject, Bloomberg ETF analyst James Seyffart said that Grayscale's move was expected:

It looks like Grayscale is removing the staking option in their application to convert Ethereum into an ETF. (This was expected.)