SEC Commissioner Hester Peirce suggests spot Ethereum ETFs without staking might be reconsidered. The commissioner stated that features excluded from the initial approval could be reevaluated.
Peirce shared this during an interview with Coinage, emphasizing that the exclusion of staking for spot Ethereum (ETH) ETFs or other features might be reassessed.
“There were features of the product that some people would have liked to see included but weren’t — those are always open for reconsideration as far as I’m concerned,” she said.
Peirce declined to comment on the SEC’s engagement with issuers and the dropping of staking features.
Analyst on Why a Review for Staking in ETH ETFs May Happen
When the SEC approved spot Ethereum ETFs in May, the issuers’ filings did not include staking. The agency views staking as an investment contract and sued Ethereum development firm Consensys in June for offering this via MetaMask.
Bloomberg’s senior ETF analyst, Eric Balchunas, supported Peirce’s remarks, stating many believe the reconsideration of staking and in-kind creation/redemptions for spot ETH and BTC ETFs is likely.
Balchunas noted that a shift is more probable if there is a change in the US government after the upcoming election, with Trump being the favored candidate according to crypto bets on Polymarket.
Meanwhile, the crypto market has bounced back amid speculation of spot Ethereum ETFs debuting next week. Ethereum’s price rose above $3,500 on July 17, boosting optimism and helping Solana and other altcoins rebound.
