Source: Cointelegraph Original: "{title}"
According to Bloomberg Intelligence analyst James Seyffart, U.S. Ethereum exchange-traded funds (ETFs) may begin staking some of their tokens as early as May.
On April 9, the U.S. Securities and Exchange Commission (SEC) authorized exchanges to list options contracts related to spot Ethereum (ETH) ETFs, following the approval of Bitcoin (BTC) ETF options last September. Nevertheless, issuers are still waiting for regulatory approval for Ethereum ETF staking service applications, which were submitted earlier this year.
Source: James Seyffart
The approval of options contracts could mark a key step toward regulatory approval for staking services in the U.S. Bloomberg analyst James Seyffart noted on April 9 that staking approval for Ethereum funds could come as early as May, but it may also be delayed until the end of 2025.
“They may receive staking approval ahead of schedule, but the final deadline is at the end of October,” Seyffart stated in a post on the X platform. “Potential mid-term deadlines before the final approval (or rejection) are at the end of May and the end of August.”
Options are financial derivatives that give investors the right, but not the obligation, to buy or sell an asset at a predetermined price before a specific date. Staking refers to locking up a cryptocurrency, such as ETH, to support network operations, such as validating transactions, in exchange for rewards.
In Ethereum funds, options contracts allow investors to hedge or speculate on token prices, while staking provides an opportunity to earn rewards by participating in Ethereum's proof-of-stake network.
Ethereum ETF inflows. Source: Farside Investors
Since its launch in June 2024, the Ethereum ETF has struggled to attract significant investor interest. According to data from Farside Investors, as of April 10, the fund has seen a net inflow of $2.4 billion, while the Bitcoin ETF launched during the same period attracted $35 billion in funds. Analysts suggest that SEC approval of Ethereum ETF options could help boost its adoption rate.
Asset management firms are also awaiting SEC approval for the physical creation and redemption applications of Bitcoin and Ethereum ETFs.
Jeff Park, head of alpha strategies at Bitwise Invest, stated in a post on the X platform on September 20 last year that the emergence of the options market related to spot cryptocurrency ETFs is a significant advancement for the cryptocurrency market, creating highly attractive opportunities for investors.
However, staking may be the most important advancement for Ethereum funds.
In March, Robbie Mitchnick, head of digital assets at BlackRock, stated that an Ethereum ETF without staking is “not perfect.” He emphasized, “Staking yields are an important component of generating investment returns in this space.”
Related: SEC approves spot Ethereum ETF options
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