PANews reported on February 15 that according to The block, the latest documents show that New York Stock Exchange Arca has applied to allow Grayscale's Ethereum ETF to be pledged. Earlier this week, Cboe BZX Exchange asked the SEC to allow the pledge of ETH held in the 21Shares Core Ethereum ETF.

If approved, these ETFs would be able to generate additional returns from their large ETH holdings, which could be passed on to investors. The NYSE filing states that the “trust” would also receive a portion of staking rewards.