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Canary Marinade Solana ETF: Canary Capital Files For Bold Staked Solana ETF in Delaware

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  • Canary Solana ETF includes staking via Marinade Select for added yield
  • SEC set to rule on staking-enabled Solana ETF by July 24, 2025
  • Over nine firms filed Solana ETF applications amid growing demand

Canary Capital has registered the Canary Marinade Solana ETF in Delaware, in a major development in ETF innovation. The firm added a staking feature to its S-1 filing with the U.S. Securities and Exchange Commission (SEC). The new structure enables investors to earn Solana staking rewards.

Canary Marinade Solana ETF Structure

The ETF uses Marinade Finance as its exclusive staking provider, which makes it different from all other Solana ETF applications in the U.S. The new filing also renames the product as the Canary Marinade Solana ETF to show this partnership. The SEC continues to review the amended application, and a final decision is expected on July 24, 2025.

The Canary Marinade Solana ETF seeks to track the performance of Solana (SOL) and add staking rewards. Solana’s proof-of-stake model enables staking, which secures the Solana network through token delegation. Investors who stake their assets could receive additional returns to market exposure.

Marinade Finance will use its Marinade Select platform to manage staking operations and provide non-custodial infrastructure. Marinade Select complies with SOC 2 requirements and uses KYC-verified validators. This ensures that the investors’ assets are secure and compliant with regulations under the ETF’s staking model.

Institutional Validators to Offer Custody of the Assets

The ETF has partnered with institutional validators to offer custody of the assets. This method ensures decentralization is increased and institutions are more secure. It also makes sure that staking follows the best regulatory practices in the U.S. market.

Marinade Select supports staking of more than 10 million SOL, which makes it credible as a staking provider. The platform has integrated with platforms like Coinbase Prime and Bitwise Europe. Its addition to the ETF provides the product with transparent and solid operations.

The SEC reviews the filing which includes staking, a feature that is not common in U.S-based ETFs. The regulator’s decision is expected in late July, but there may be delays. A lot of investors are paying close attention because of the increased interest in staking-enabled ETFs.

Growing Solana Spot ETF Applications

Other major companies have submitted applications for Solana ETFs, which demonstrates institutional interest in Solana. VanEck, 21Shares, and Grayscale are some of the companies that have proposed their own ETFs. Some companies, such as 21Shares, have introduced staking-based Solana products in Europe.

Grayscale and Bitwise seek to convert their Solana Trust into a spot ETF in separate applications. These filings show increased confidence in Solana’s role in the market and its staking utility. If approved, Canary ETF could earn a competitive advantage because it offers investors both access to the market and a steady income.

Related Reading | Bitcoin Cash Forms Bullish Pattern: Will BCH Surge to $1,058?

21Shares Debuts Cronos ETP, Offers Direct Exposure to Crypto.com

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  • Cronos ETP provides regulated access to Crypto.com’s Cronos token.
  • Cronos network supports DeFi, NFTs, and Web3 applications.
  • 21Shares expands its portfolio with more altcoin-based investment products.

21Shares, a Swiss asset management firm, has launched a new exchange-traded product (ETP). The ETP, which is listed on Euronext Paris and Amsterdam, provides investors with regulated access to Crypto.com’s Cronos (CRO) token. The ETP enables institutional investors to access CRO through traditional brokers and banks.The provides investors with easier access to the Cronos blockchain without digital wallets or exchanges.

21Shares Cronos ETP

The Cronos token runs on the Crypto.com’s Layer-1 blockchain, Cronos network. The comprises decentralized finance (DeFi), NFTs and Web3 applications as well as integrates with Ethereum and Cosmos ecosystems. Cronos ETP, a regulated investment product, offers secure access to the blockchain network.

The Cronos ETP launch demonstrates the increased demand for crypto-based investment products. 21Shares aims to provide novice crypto investors easier access to digital assets.The ETP charges a 2.5% annual management fee and seeks to fulfill the market demand for regulated crypto exposure in the European and U.S. markets.

The Cronos network has made major advancement in decentralized finance (DeFi). The blockchain boasts $400 million in total value locked (TVL), with $64 million from Crypto.com’s liquid Ether staking token, Staked ETH. The platform continues to attract both individual and institutional customers.

Altcoin-based ETF Race

21Shares has launched several crypto-linked ETPs in Europe as part of its efforts to expand its product lineup. Moreover, the company has filed for U.S. Securities and Exchange Commission (SEC) approval to launch multiple altcoin-based exchange-traded funds (ETFs) such as Solana and Dogecoin.

There is increased interest in altcoin-based exchange-traded funds(ETFs) in recent months. U.S. issuers and asset managers have filed several ETF proposals in a bid to replicate Bitcoin ETF success. The 2024 approval of spot Bitcoin ETFs has increased the demand for these products with more than $100 billion in assets under management.

The SEC’s acceptance of crypto-based financial products could accelerate the market adoption of altcoin ETFs.

Institutional Interest in Crypto-based Investment Products

Asset managers expect products like the Cronos ETP to provide mainstream investors with access to crypto investments amid the increased interest in blockchain assets. Moreover, the Cronos ETP satisfies the increased demand from regulators for crypto products which adhere to traditional financial standards.

The ETP offers investors exposure to the Cronos blockchain as well as its NFT and DeFi ecosystems. The ETP has been listed on several major exchanges in Europe demonstrates the increased institutional interest in blockchain investments.

SUI price prediction 2025: ETF filing and strategic deal fuel 955% ROI forecast

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  • SUI shows technical strength but faces overbought risk, with RSI at 92.81 and tight Bollinger Bands.
  • 21Shares’ SEC filing for an SUI ETF adds bullish sentiment and institutional credibility.
  • Long-term forecasts suggest a potential 955.9% ROI by May 2025, with strategic partnerships driving utility.

The digital asset SUI is currently trading at $3.51, reflecting a marginal 0.17% decline despite a sharp increase in its 24-hour trading volume, now at $1.74 billion, up 27.10%. Over the past seven days, the coin has gained 5.44%, underscoring its resilience within a consolidating yet bullish market structure.

AD 4nXfbJPgJrWAmtDUAFJWSyw9LZrb1sOiF472KUrkoSXXP1lmbZwEZ55xjXI5SU9kpRE1Z xK2zfCoqm44Sz516QN7JymKg9 C3R 8KZX7CFNT5oSxhWjk5jRqRLwqP7sgB0z2nhu3rg?key=N7 1nLG pEW6RkCL66HOUcYf
Source: Coinmarketcap

SUI’s strong market momentum and price action near $3.55 align with key resistance levels between $3.56 and $3.73. Technical indicators, however, warrant caution. The Relative Strength Index (RSI) sits at an overheated 92.81, suggesting the asset is overbought. 

Meanwhile, the Moving Average Convergence Divergence (MACD) remains positive, and the Average Directional Index (ADX) at 45.1 confirms the strength of the ongoing trend. The narrow Bollinger Band width (2.35%) signals a potential breakout ahead, either upward or downward.

Traders are advised to maintain tight stop-loss strategies and consider partial profit-taking. Conservative investors may benefit from waiting for a pullback to the $3.43 support zone before initiating new long positions.

AD 4nXcIJyIP6LKtXezE5MlSxEqcfOE8P3QhKeJdXabXOCYwNGb4vMZCSsDp5N6U47xwQJttDcxzADJ03YhfdUNLEsX78Wp8yAFrnutleczwCcG27gib6FwiDuWDYFGqsU 3EP Z5Ma8 g?key=N7 1nLG pEW6RkCL66HOUcYf
Source: X

SUI ETF offers price exposure without ownership

In a development boosting long-term sentiment, asset management firm 21Shares has filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) for a proposed SUI exchange-traded fund (ETF). Notably, this ETF will not engage in staking, differentiating itself from conventional crypto ETFs. Custodianship will be handled by Coinbase, though the trading venue and ticker symbol remain undisclosed.

This filing follows a similar move by Canary Capital in March 2025, marking 21Shares as the second major institutional player targeting SUI-based investment products. The ETF aims to offer direct price exposure without requiring investors to own or manage the underlying asset. The move is being interpreted by the market as a strong vote of confidence in the coin’s future role within institutional portfolios.

SUI trading volume Hits $1.61 Billion in 24 hours

As part of this filing, 21Shares also released a strategic partnership announcement with Sui Network with a view to driving global adoption. The collaboration will be in areas such as research, product development, and ecosystem development. Duncan Moir, President at 21Shares, noted SUI’s scalability, throughput capacity, real-world asset tokenization, and DeFi suitability.

In return, the market reacted positively. It jumped to $3.67, a 7.61% rise in the last 24 hours, along with a concurrent gain in trading volume by 16.03% to $1.61 billion. Changelly experts see a promising future, and May 2025 price expectations are pointing towards potential highs of $11.77 and ROI of almost 955.9%.

Nasdaq Files S-1 for 21Shares Dogecoin ETF, Awaits SEC Review

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  • Nasdaq files S-1 for 21Shares Dogecoin ETF, starting SEC approval process
  • 21Shares Dogecoin ETF to track DOGE, offering institutional exposure
  • Growing institutional interest boosts chances for Dogecoin ETF approval

Nasdaq has submitted an S-1 application with the U.S. Securities and Exchange Commission (SEC) to list the 21Shares Dogecoin ETF. The SEC has started the review and approval process for the ETF, which offers institutional investors direct exposure to Dogecoin. The SEC will review the submitted application to determine whether it will approve or reject the ETF.

21Shares Dogecoin ETF

21Shares, a major asset manager, submitted the S-1 form to launch a spot Dogecoin ETF. The proposed fund will directly hold Dogecoin assets instead of depending on derivatives such as futures. The fund will use the CF Dogecoin-Dollar Settlement Price to track the Dogecoin price, which offers investors a regulated crypto investment product.

The SEC will review the application and collect public feedback before making a decision. The approval or denial of the Dogecoin ETF will be determined by whether the application meets regulatory standards. 21Shares’ application comes after the manager submitted a 19b-4 form this month to enable institutional access to Dogecoin.

The Dogecoin ETF will provide passive income on the investments made in the fund. The fund enables shares to be purchased and redeemed in blocks of 10,000 shares in cash. However, the fund will not use leverage and derivatives to ensure a direct investment approach.

Institutional Interest in DOGE Investment Products

Nasdaq’s S-1 submission demonstrates its dedication to effectively monitoring the Dogecoin market. The exchange is a member of the Intermarket Surveillance Group (ISG), which aims to prevent market manipulation. These security measures ensure that the ETF complies with regulatory requirements.

21Shares has partnered with House of Doge, the corporate partner for Dogecoin Foundation, to promote the ETF. This partnership aims to boost marketing and licensing activities to improve the ETF’s penetration in retail and institutional markets. The Swiss-based company accomplished market success in Europe when it launched the Dogecoin Exchange Traded Product (ETP) on the SIX Swiss Exchange.

DOGE ETF Race

Other prominent asset managers such as Grayscale and Bitwise have filed similar applications for DOGE ETFs. This reflects the increased institutional interest in meme coins like DOGE and could boost its market price. Additional DOGE-based ETFs could fuel institutional demand and likely propel DOGE’s price.

More than 70 crypto ETF applications have been submitted for review to the SEC. If approved, the spot Dogecoin ETF will deliver regulated and secure investment access to DOGE. Experts have forecasted up to a 75% likelihood of Dogecoin ETF approval in 2025.

ProShares XRP Futures ETFs Set for April 30 Launch in U.S.

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  • ProShares to launch 2x leveraged and short XRP ETFs on April 30.
  • SEC’s approval excludes spot XRP ETFs, still under review.
  • Teucrium launched the first XRP futures ETF earlier this month.

ProShares will debut three XRP futures-based exchange-traded funds(ETFs) on April 30, 2025. These ETFs will track the price of XRP and provide investors with leveraged and inverse exposure to XRP. The three  ProShares ETF products comprise the Ultra XRP ETF with 2x leverage, the Short XRP ETF and the Ultra Short XRP ETF with -2x leverage.

The approval of these exchange-traded funds(ETFs) marks an important step in the U.S. markets. ProShares submitted its applications in January and received implicit approval. The ETFs will launch as scheduled because the SEC has not submitted any objections.

image 261
ProShares XRP Futures ETFs Set for April 30 Launch in U.S. 4

 

ProShares is the second asset manager to launch futures-based ETFs which track XRP in the U.S market. ProShares launches several  leveraged products to meet the increased demand for digital asset-based  investment products. The launch comes after Vermont-based Teucrium Investment Advisors LLC debuted futures-based XRP ETF earlier this month.

XRP Futures ETFs Outpace Spot XRP ETFs in Approval

Although ProShares has received approval for its futures-based products, its spot XRP ETF is still under review. ProShares submitted an application to launch a spot XRP ETF but this product has not yet been approved. Furthermore, the SEC has not approved spot XRP ETF applications filed by ProShares, Grayscale, 21Shares and Bitwise.

The ProShares Ultra XRP ETF enables investors to achieve 2x leverage to the XRP price movement. However, the Short and Ultra Short XRP ETFs are inverse products that enable investors to profit when prices decrease. These leveraged products target active trade traders and offer them high-risk high-reward trading opportunities.

The SEC has demonstrated a lenient approval process of futures-based ETFs compared to spot products. The spots ETFs must adhere to a formal SEC approval process unlike the futures ETFs. The approval of ProShares’ futures ETFs demonstrates the SEC’s cautious approach to cryptocurrency investment products.

ProShares’ Crypto Product Lineup

The ProShares’s XRP futures ETFs diversifies the cryptocurrency-based financial products available in U.S. markets. ProShares, a major player in the crypto ETF market, seeks to expand its XRP product lineup as well as broaden market participation.

ProShares’s latest move matches its approach for crypto-based investment products diversification. The company continues to develop products that provide investors with increased access to digital assets. ProShares expects increased demand for regulated investment options due to the digital asset market growth.

Dogecoin From Meme to Movement as 21Shares Pushes for ETF Approval

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  • 21Shares has filed for a Dogecoin ETF with the SEC, marking Dogecoin’s shift from a meme to an institutional-grade asset.
  • DOGE has seen a 130,000% price increase over the last decade, with an average annual growth rate of 125%.
  • If approved, the DOGE ETF will provide exposure through traditional brokerage accounts, appealing to risk-averse investors and boosting its legitimacy in traditional finance.

Dogecoin is no longer just a meme it’s a movement. That’s the message from 21Shares, a leading Swiss asset manager, which has officially endorsed Dogecoin and filed for a DOGE ETF with the U.S. Securities and Exchange Commission (SEC). The move marks a significant milestone in Dogecoin’s journey from internet parody to institutional-grade asset.

Founded in 2013 as a satirical take on cryptocurrency culture, DOGE has since defied expectations, with a staggering 130,000% price increase over the last decade. According to 21Shares, Dogecoin’s annual growth rate averages 125%, making it the top-performing asset among the 25 largest cryptocurrencies by market cap.

The DOGE ETF filing submitted to the SEC represents a game-changing moment for retail and institutional investors alike. If approved, the ETF will offer exposure to DOGE through traditional brokerage accounts, eliminating the need for direct crypto ownership or wallet management.

This move could open the door for risk-averse investors who have previously shied away from volatile meme coins. By wrapping DOGE into a regulated financial product, 21Shares aims to legitimize Dogecoin in the eyes of traditional finance while enhancing accessibility for the broader public.

Dogecoin Adoption Soars with 21Shares ETP

Beyond its impressive price history, DOGE has witnessed a surge in user adoption. Over the past four years, the number of wallet addresses has nearly doubled from 44 million to 84 million. This rapid increase highlights Dogecoin’s growing community and rising real-world utility, signaling long-term viability and investor confidence.

21Shares points to this adoption trend as a critical factor in its support of DOGE. In the company’s view, Dogecoin’s evolution from a lighthearted digital token to a widely held asset reflects the democratization of finance and the power of internet-driven communities.

To further reinforce its commitment, 21Shares has launched a physically backed DOGE ETP (exchange-traded product). This product is collateralized on a 1:1 basis with actual DOGE held in cold storage, meaning each share is backed by real cryptocurrency, not derivatives or synthetic assets.

The firm will charge a management fee of 0.25%, making it one of the most competitively priced crypto investment vehicles available. The transparent backing model adds an extra layer of security and trust, which is especially important for institutions entering the crypto market.

21Shares Partners with House of Doge to Boost Dogecoin

21Shares has also announced a partnership with the House of Doge, the official business entity of the DOGE Foundation. This alliance is expected to deepen Dogecoin’s connection to conventional finance, promote education, and foster innovation within the ecosystem.

According to reports, the collaboration will involve coordinated efforts to enhance Dogecoin’s financial infrastructure and expand its utility beyond speculative trading. The partnership is another strong signal that Dogecoin is being recognized as a legitimate asset class.

What began as an internet joke now stands on the cusp of Wall Street legitimacy. With a potential ETF on the horizon, a physically backed ETP on offer, and a major alliance in place, DOGE is no longer just a memecoin; it’s a serious player in the digital asset economy.

As 21Shares continues to push for regulatory approval and investor adoption, Dogecoin’s transformation underscores the power of community, resilience, and innovation in the crypto world.

At the time of writing, the DOGE is trading at $ 0.156764 with a 24-hour trading volume of $ 2.53B. The DOGE price decreased -0.77% in the last 24 hours.

DOGE 1D graph coinmarketcap 1

Related | New York Regulators Impose $40 Million Fine on Block, Inc. for Cash App Violations 

Dogecoin Is a Movement, Not a Meme, Says 21Shares 

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  • Dogecoin has surged 130,000% over the decade, with an annualized return of 127%.
  • Wallet addresses rose from 44 million to 84 million in four years, showing massive adoption.
  • 21Shares calls Dogecoin “a movement,” positioning it as a serious financial asset now.

Dogecoin, once launched as an internet parody, is now being positioned as a financial asset by 21Shares, a prominent global asset manager. The Switzerland-based firm recently emphasized that Dogecoin is no longer just a meme, stating, “Dogecoin isn’t just a meme—it’s a movement.”

In a post published Thursday, 21Shares drew attention to DOGE’s remarkable rise and mainstream acceptance. According to the firm, the token has evolved far beyond its humorous beginnings to become a significant player within the cryptocurrency sector. The company highlighted DOGE’s long-term performance as further evidence of its transition to financial relevance.

Over the past decade, DOGE has appreciated by an astonishing 130,000%. This equates to an annualized return of 127%, making it the highest-performing digital asset among the top 25 cryptocurrencies by market capitalization. 21Shares also reports that DOGE wallet addresses have grown from 44 million to 84 million in four years, indicating increased retail and institutional interest.

Snipped
Source: 21Shares

21Shares Moves Toward Dogecoin ETF

In addition to publicly backing Dogecoin’s growth, 21Shares filed a Form S-1 with the U.S. Securities and Exchange Commission on Wednesday for its proposed 21Shares Dogecoin ETF. This proposed exchange-traded fund would offer investors direct exposure to DOGE through traditional investment channels.

Dogecoin
Source: James Seyffart

Despite regulatory hurdles, industry analysts are optimistic. Bloomberg’s James Seyffart and Eric Balchunas estimate a 75% probability that the Spot DOGE ETF will be approved within the year. On Polymarket, a crypto prediction platform, the odds stand at 64%. Both forecasts suggest momentum is building in its favor.

Seyffart characterized the current wave of ETF proposals as a “spaghetti cannon approach,” referring to the strategy of filing multiple products in hopes that some will be accepted under new SEC leadership.

Bridging Dogecoin to Traditional Finance

To back its ETF ambitions and help drive wider adoption, 21Shares has teamed up with the House of Doge — the official corporate arm of the Dogecoin Foundation. The collaboration aims to bridge DOGE with traditional financial systems, further enhancing its accessibility.

In addition, 21Shares introduced the first exchange-traded product backed 1:1 by physically held DOGE and supported by the Dogecoin Foundation. The product carries a 0.25% management fee and is intended to offer secure, regulated exposure to the asset without requiring direct crypto handling by investors.

The developments presented by 21Shares suggest a clear shift in DOGE’s role within the broader financial landscape. From its origin as a digital joke to becoming the foundation of a proposed SEC-regulated ETF, DOGE’s journey is gaining attention not just from enthusiasts but from financial institutions.

Related Readings | XRP’s Long-Term Chart Hints at Explosive Rally, Analyst Eyes $30 Target

21Shares Expands European Crypto Reach with New ETP Listings on Nasdaq Stockholm

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  • 21Shares expands European footprint with three new ETP listings on Nasdaq Stockholm.
  • 21Shares Bitcoin Core ETP offers low 0.21% management fee making it a cost-effective option.
  • European institutions show interest in cryptocurrency investments through Sol and XRP ETPs.

21Shares AG a leading issuer of cryptocurrency exchange-traded products (ETPs) has disclosed the Nasdaq Stockholm listing of their three fundamental crypto-backed ETPs. The firm enhances its European market reach by offering regulated and transparent crypto investment solutions to increase investor demand. The newly listed products consist of the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL) and the 21Shares XRP ETP (AXRP).

image 168
Source; 21Shares

Expanding European Footprint with Key Crypto ETPs

Launching three crypto ETPs expands 21Shares‘ management of over $7.5 billion assets while extending its European business operations. The firm operates products through major exchanges like the Nasdaq, Euronext Amsterdam and the SIX Swiss Exchange. Nasdaq Stockholm now hosts these new products as part of 21Shares’ strategy to increase access to the crypto market in the Nordic region.

Through the 21Shares Bitcoin Core ETP (CBTC), investors can directly hold the physically back Bitcoin (BTC), one of the largest cryptocurrencies by market capitalization. The 0.21% management fee of CBTC positions it as one of the least expensive Bitcoin ETPs offered in European markets. Additionally, the firm’s Solana Staking ETP (ASOL) provides investors access to staking rewards and gaining Solana exposure.

The substantial growth experienced by the Solana blockchain in sectors like gaming, finance and identity protection makes this a valuable product for those interested in innovations. The firm’s XRP ETP (AXRP) allows investors to gain regulated exposure to XRP, which is critical in facilitating cross-border payments.

Institutional Crypto Adoption in Europe

Europeans show increasing interest in crypto ETPs while institutional investors continue their new adoption trend. Markets in Crypto-Assets regulatory framework implementation provides increased investor confidence which drives market entry into crypto assets. The firm leads this trend by developing new products to cater to rising client demand from institutional and retail investors.

Mandy Chiu, Head of Financial Product Development at 21Shares, emphasized that the company remains committed to meeting the growing demand for crypto exposure. “This year represents a breakthrough moment for crypto in Europe, with increasing confidence driven by the MiCA regulatory framework and a significant rise in institutional participation,” Chiu said.

Helena Wedin, the Head of ETF and ETP, European Markets at Nasdaq, concurred with Chiu’s sentiments. “As the market for crypto ETPs continues to expand, we are pleased to provide investors with more locally listed, cost-efficient, and innovative products,” Wedin stated. These changes signal the continued evolution of Nasdaq’s mission of offering more exposure to crypto investment products in Europe.

21Shares Seeks SEC Greenlight for Ethereum Staking in Core ETF

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  • The SEC has recognized 21Shares’ proposal to introduce staking for its Ethereum fund.
  • Staking could help the ETF earn extra income from its Ethereum assets, which might be shared with investors.

The SEC has confirmed the receipt of a request from Cboe BZX Exchange on behalf of 21Shares. The filing asks for permission to stake Ethereum included in the 21Shares Core Ethereum ETF.

SEC Reviews Ethereum ETF Staking Proposal

On Wednesday, the US Securities and Exchange Commission (SEC) acknowledged the 19b-4 filing proposal for Ethereum ETF staking from Cboe BZX Exchange. The SEC agency responded to the request submitted on behalf of 21Shares, inviting the public opinion on the plan to allow the 21Shares Core Ethereum ETF to stake its ether (ETH).

Notably, James Seyffart, one of Bloomberg ETF analysts recently pointed out that this is the first ETF submission explicitly requesting Ethereum stake approval. If accepted, it would mark the first instance of an Ether ETF offering a stake in the U.S. The move could draw increased interest from both retail and institutional investors.

This move follows a filing by NYSE Arca last week, which requested approval to allow staking in Grayscale’s Ether ETFs. The Grayscale Ethereum Mini Trust ETF was introduced following the firm’s initial conversion of its Ether Trust into an open-ended fund. 

It currently manages nearly $1.3 billion in assets. Coinbase serves as the custodian for the 477,428 ETH owned by the trust.

The SEC’s Position and it’s Ongoing Regulatory Challenges

In past times, the SEC has maintained a strict approach toward proof-of-stake assets, especially under former Chair Gary Gensler, who classified staking-related activities as securities. This led many Ether ETF issuers to exclude staking from their filings to comply with the SEC regulations.

 However, the Trump administration, which is pro-crypto, has caused the agency to take a more crypto-friendly stance by forming a dedicated task force to evaluate digital assets. This group is now reconsidering whether certain tokens should be categorized as securities. 

Analysts believe that clearer rules on staking could boost adoption, particularly among institutions seeking higher returns in the crypto market. In addition, the SEC approved spot Ether ETF last year and has shown more flexibility toward digital assets.

Recently, there has been a high demand for Ethereum ETFs among institutions. In the last quarter of 2024, holdings by institutional investors increased from 4.8% to 14.5%. This trend shows a rising preference for Ether investment at the institutional level, which could grow even more if staking is allowed.

Related | Shiba Inu’s Price Slumps 50%, Community Awaits Rebound

21Shares ETF to Offer Ethereum (ETH) Staking—Could This Ignite a New Rally?

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  • Ethereum surgеd 3.5% to $2,776 аftеr 21Shares proposеd stаking in its spot Ether ETF.
  • 21Shares аims to bе thе first U.S. аssеt mаnаgеr to offеr Ether stаking in ETFs.
  • Trаdеrs likе Ash Crypto аnd Yohаnnа Olvа sее this аs bullish for Ethereum’s futurе.

Ethereum sаw а shаrp 3.5% risе аftеr CBOE BZX Exchаngе submittеd а filing on bеhаlf of аssеt mаnаgеr 21Shares to introducе stаking in its spot Ether ETF. Thе cryptocurrеncy climbеd to $2,776 following thе nеws but lаtеr sеttlеd аt $2,679, аccording to CoinMаrkеtCаp.

If аpprovеd, this movе would mаkе 21Shares thе first аssеt mаnаgеr in thе U.S. to offеr Ether stаking in а spot ETF. Thе compаny disclosеd in а Fеbruаry 12 SEC filing thаt it plаns to pеriodicаlly stаkе portions of thе trust’s Ether. This procеss will bе cаrriеd out using rеliаblе stаking providеrs to еnsurе sеcurity аnd еfficiеncy.

Allowing thе Trust to stаkе its Ether would bеnеfit invеstors аnd hеlp thе Trust to bеttеr trаck thе rеturns аssociаtеd with holding Ether,” thе filing stаtеd.

Ethereum 2
Source: Cboe

A Landmark Proposal for Ethereum ETFs

21Shares еmphаsizеd thаt liquidity would bе mаintаinеd аt lеvеls sufficiеnt to sаtisfy rеdеmptions. Thе filing аlso notеd thаt thе firm would not mаrkеt itsеlf аs а stаking providеr or promisе аny spеcific rеturns on stаking.

Additionаlly, 21Shares clаrifiеd its rolе in stаking, stаting thаt it doеs not clаim аny spеcific еxpеrtisе, еxpеriеncе, or tеchnicаl knowlеdgе in stаking. Thе firm еmphаsizеd thаt it is stаking thе Trust’s Ether solеly to mаximizе thе Trust’s rеvеnuе gеnеrаtion opportunitiеs.

For ETF holdеrs, this mеаns thеy could еаrn stаking rеwаrds pаssivеly through ETF shаrеs, а bеnеfit thаt hаs not bееn prеviously аvаilаblе in trаditionаl mаrkеts. Bloombеrg’s Jаmеs Sеyffаrt notеd thаt this would bе thе first ETF of its kind to incorporаtе stаking in thе U.S.

Market Reacts as Traders Show Confidence

Thе proposаl hаs gеnеrаtеd еxcitеmеnt within thе crypto community. Prominеnt trаdеr Ash Crypto took to X (formеrly Twittеr) on Fеbruаry 12, cаlling thе dеvеlopmеnt “mаssivе for Ethereum.”

Trаdеr Yohаnnа Olvа еchoеd this sеntimеnt, suggеsting thаt а stаkеd ETH ETF could bе thе cаtаlyst nееdеd to drivе Ethereum’s pricе upwаrd. Currеntly, ETH is pricеd аt $2,679, rеflеcting а 2.43% incrеаsе ovеr thе lаst 24 hours, with а 34.03% surgе in trаding volumе to $26.22 billion.

ETH 1D graph coinmarketcap 16
Source: CoinMarketCap

Thе lаtеst movеmеnt hаs lеd to spеculаtion аbout а potеntiаl brеаkout, аs Ethereum hаs yеt to surpаss thе $4,000 rеsistаncе lеvеl in this cyclе. Rеcеnt bеаrish trеnds hаd еvеn pushеd ETH bеlow thе $3,000 mаrk.

This movе hаs injеctеd nеw optimism into thе mаrkеt, аligning with prеvious prеdictions thаt Ethereum could еvеntuаlly rеаch $10,000. Whilе thе cryptocurrеncy hаs postеd а 13.06% dеclinе ovеr thе lаst 30 dаys, currеnt sеntimеnt is shifting towаrd а rеcovеry.

Anothеr kеy mеtric, thе ETH/BTC rаtio, rеcеntly droppеd to its lowеst lеvеl. Anаlysts suggеst this could bе аnothеr fаctor supporting Ethereum’s potеntiаl rеbound.

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