Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
CBOE Pushes for Ethereum ETF Staking Amidst Market Downturn

CBOE Pushes for Ethereum ETF Staking Amidst Market Downturn

CoinspeakerCoinspeaker2025/03/10 16:00
By:By Parth Dubey Edited by Victoria Ronina

CBOE’s proposal for Fidelity’s Ethereum ETF staking awaits SEC review, as ETH drops 8% in the past day.

Key Notes

  • CBOE has filed a proposal to allow staking for the Fidelity Ethereum ETF.
  • The SEC must acknowledge the filing before a 240-day review period begins for approval.
  • ETH price has dropped 8% to around $1,865 amid these developments. .

The Chicago Board Options Exchange (CBOE) has filed a proposal to enable staking for the Fidelity Ethereum ETF (FETH), bringing attention of investors to the world’s second-largest digital asset.

The filing, published on March 11, outlines the exchange’s request to amend previous filings to accommodate staking, a process that allows investors to earn passive income by helping secure the Ethereum network.

The proposal now awaits acknowledgment from the US Securities and Exchange Commission (SEC), which will then trigger a 240-day review period for potential approval. 

Fidelity’s Ether ETF has already amassed $1.45 billion in net inflows since its launch in July 2024, despite the absence of staking incentives. The overall spot Ethereum ETH $1 866 24h volatility: 3.2% Market cap: $225.16 B Vol. 24h: $25.33 B market has drawn over $2.6 billion in net inflows, according to the data by SoSoValue .

Regulatory Shifts Could Influence Approval

Historically, the SEC, especially under former Chair Gary Gensler, has been hesitant to approve staking in Ethereum ETFs. To avoid regulatory scrutiny, issuers excluded staking options from registration statements.

However, the recent US presidential election, which saw Donald Trump win in November, has led to a more crypto-friendly stance among regulators.

Interestingly, SEC Commissioner Hester Peirce also expressed her support for staking-enabled Ethereum ETFs in December 2024. Meanwhile, Lido DAO contributor Kean Gilbert recently predicted that the market could see staking-integrated ETFs by the end of 2025. 

If approved, the proposal could drive greater institutional participation in Ethereum-based products, potentially leading to a price rally for ETH.

Ethereum Price Faces Selling Pressure

Amid these developments, the Ethereum price has faced an 8% drop on Tuesday, trading around $1,865 at the time of writing. The second-largest cryptocurrency currently holds a market capitalization of $227.4 billion, according to CoinMarketCap .

On the daily ETH price chart, RSI is hovering near oversold territory. This suggests that the cryptocurrency is approaching a potential rebound zone. 

CBOE Pushes for Ethereum ETF Staking Amidst Market Downturn image 0

Ethereum is also testing the lower Bollinger Band at around $1,778, which also acts as a key support level. A break below this level could push ETH towards $1,750, while resistance remains near the midline of the Bollinger Bands at around $2,323.

Despite short-term volatility, analysts remain optimistic about Ethereum’s long-term trajectory. Crypto influencer Crypto Rover believes that ETH’s momentum is at an all-time low, making it an ideal time to buy.

CBOE Pushes for Ethereum ETF Staking Amidst Market Downturn image 1

Standard Chartered recently forecasted that ETH $1 866 24h volatility: 3.2% Market cap: $225.16 B Vol. 24h: $25.33 B could rally to $14,000 by the end of 2025, provided staking approval accelerates institutional adoption.

next

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Code of Joker game will reappear on smartphones in a new version via Sui blockchain

Share link:In this post: The arcade Code of Joker existed from 2013 to 2019 The game will run on a platform Mysten acquired just days ago. Sui partnered with Jokers, Inc., which is obtaining more games to revive in Web3

Cryptopolitan2025/03/15 01:11