Cathie Wood-led Ark Invest completely removes staking from its spot Ether ETF filing with SEC, community confused
Amid the increasing scrutiny from the U.S. SEC, the investment heavyweights decided to delete staking elements from their S-1 forms applications. While experts are guessing about the exact motivation of ARK and 21 Shares teams, it is still unclear whether other applicants will follow.ARK Invest and 21 Shares removed the description of potential Ether staking from their SEC applications for spot ETH ETF launch in the U.S.
Also, the applicants highlighted that ETH staking is associated with risk of potential loss of tokens as a result of the"slashing" procedure in Ethereum's PoS as well as time-limited lack of access to ETH locked in staking contracts. Eric Balchunas, senior ETF analyst of Bloomberg, is not that optimistic about the effects of such an unexpected amendment, he stressed in a
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