Alex Thorn believes that the U.S. Securities and Exchange Commission (SEC) can identify the zoned ether (sETH) as a security, and the main asset will not be included in this asset category. The director of the research department suggests that in this way the regulator is trying to find a way out of a situation in which investors and the market put strong pressure on it:
"Staking is a key obstacle to launching a new class of exchange-traded assets."
One of the conditions for the creators of new crypto funds will be the exclusion of the possibility of staking from the list of available options, insists the top manager of Galaxy Research.
Previously, several companies included a staking function in the updated applications for spot ETH-ETFs and requested permission to receive income from assets through this service. However, later it became known that the applicant companies Ark Invest and 21Shares had removed the stake from their applications. This may indicate the existence of an appropriate SEC requirement.
Earlier, the U.S. Securities and Exchange Commission called on the exchanges where shares/units of future spot ETFs for ether should be traded to update registration forms on an expedited basis.