The US Securities and Exchange Commission (SEC) has postponed its decision on the approval of Ether staking in two Grayscale funds.
The April 14 announcement states that the decision regarding the Grayscale Ethereum Trust ETF and the Grayscale Ethereum Mini Trust ETF is delayed until June 1, with a final deadline at the end of October.
On Feb. 14, the New York Stock Exchange (NYSE) proposed a rule change on behalf of Grayscale to allow investors in the company's Ether ETFs to staking their holdings.
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Staking involves locking cryptocurrencies in a wallet to help operate and secure a blockchain network by offering rewards to stakers.
This feature is seen as a potentially vital part of Ether ETFs, as it could provide returns to investors and increase the attractiveness of the funds.