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A Hot Button Issue for SEC Threatens to Erode Ether-ETF Demand
Many in the crypto market believe that a key change made to some applications for proposed spot-Ether exchange traded funds will be good for the Ethereum blockchain, while putting the prospective ETF products themselves at a disadvantage. Issuers including Fidelity Investments and Ark Investment Management have eliminated plans for “staking” the Ether they would purchase for the proposed funds if they’re approved. Staking is industry jargon for the mechanism that runs Ethereum and other so-called proof-of-stake blockchains. It involves locking up deposits of cryptocurrency in order to help validate transactions ... (full story)