TechFlow reported on January 22, citing Cointelegraph, that Ethereum co-founder Joe Lubin revealed ETF issuers are actively preparing staked Ethereum ETFs and are confident about gaining approval under the new SEC leadership. Lubin said issuers are working hard to develop the best possible solutions for clients to handle the complexities related to staking and penalty mechanisms, which will help enhance ecosystem resilience and client diversity.
Currently, approximately 33.7 million ETH (worth around $113 billion) is staked, representing 28% of the total supply. On January 21, the SEC established a cryptocurrency task force led by commissioner Hester Peirce, a known crypto advocate, to develop a regulatory framework for digital assets. In an interview last December, Peirce hinted that the new leadership might steer crypto policy in a more favorable direction.
Young Ko, former finance executive at Polygon, believes that having Peirce lead the crypto task force is beneficial for industry development, as she understands the technology and supports its growth. Investment bank Bernstein Research predicts that under Trump-appointed, crypto-friendly SEC leadership, staked ETH yield-based ETFs are likely to be approved.
