Grayscale filed a notice with the SEC. In its notification, it stated that the inability to staking Ethereum spot ETFs creates a major disadvantage. The company stated that the inability to staking will reduce the value of the fund and therefore may require changes to the agreement with the SEC. Since the SEC considers Ether staking returns as the sale of securities, it does not approve these returns in Ether spot ETFs, so many companies have removed staking from their applications.
The US Federal Accounting Standards Advisory Board (FASAB) announced that seized crypto assets will be classified as "non-monetary property", noting that these assets typically do not have all monetary characteristics. FASAB also announced that central bank digital currencies (CBDC) should be considered official government-backed digital currencies, while all other digital assets should not be considered monetary instruments.
At the time of writing, Bitcoin (BTC) is trading at $62,519 and Ethereum (ETH) at $3,364.
The fear and greed index is neutral at "49".
Important developments for the day:
Metal DAO (MTL): A "snapshot" will be taken on the network and a smart contract update will be made.
