Grayscale Seeks SEC Approval for Ethereum ETF With Staking Amid Predictions of Rejection

Grayscale filed an amendment to convert its Ethereum Trust (ETHE) into an ETF, including provisions to stake ETH and bring in a third party custodian
The move mirrors a similar ETF application by Fidelity Investments for an Ethereum ETF with staking capabilities
However, analysts predict the SEC will reject pending spot Ether ETF applications due to uncertain regulatory classification of Ethereum
Approval of Ethereum ETFs could positively impact the market, as seen with Bitcoin ETFs
Despite potential prospects, Ethereum price is struggling to gain ground, currently trading 1.6% higher than yesterday but 19% lower than last week