Regulators Reluctant: Ethereum ETFs Anticipate This Week’s Verdict

According to a report from Fortune, the Securities and Exchange Commission (SEC) is increasing its examination of Ethereum. The regulatory body has issued subpoenas to various American companies regarding their dealings with the Ethereum Foundation. In response, ARK and 21Shares have made amendments to their application for an Ethereum ETF, specifically removing a portion related to staking. It is believed that this alteration was made to avoid any potential regulatory complications and to enhance their prospects of receiving approval, even though it means they will not be able to benefit from staking rewards.