Cathie Wood’s asset manager Ark Invest wants to bake staking into its proposed Ethereum Spot ETF. Ark said it expects to stake Ether from its cold vault balance, as held by Coinbase. Staking rewards would vary widely based on network conditions, and would be reportable to shareholders as taxable income. The proposal adds a juicy new value proposition for crypto ETFs, which until now were thought of solely as a vehicle to gain accurate price exposure to an underlying crypto asset (Bitco)
Source: Andrew Throuvalas, 2024-02-09; https://cryptopotato.com/ark-invest-wants-to-add-staking-to-its-spot-eth-etf-will-the-sec-approve/