PANews reported on February 13 that according to The Block, the Cboe BZX Exchange submitted a proposal to allow Ethereum held by the 21Shares Core Ethereum ETF to be pledged and is awaiting a decision from the U.S. Securities and Exchange Commission (SEC).

According to Bloomberg analyst James Seyffart, this is the first ETF to submit a pledge application to the SEC. The SEC approved several Ethereum ETFs including 21Shares, BlackRock and Fidelity last year, but many companies removed the pledge function when registering. The market expects that under the Trump administration, the SEC's stance on cryptocurrencies may be more friendly.