The New York Stock Exchange Arca has applied for permission to allow Grayscale's Ethereum ETF to be pledged

According to The Block, the latest documents show that the New York Stock Exchange Arca has applied for permission to stake Grayscale's Ethereum ETF. Earlier this week, Cboe BZX Exchange asked the SEC to allow staking of ETH held in 21Shares Core Ethereum ETF.

If approved, these ETFs will be able to earn additional returns from their large holdings of ETH, which may be passed on to investors. The New York Stock Exchange's document notes that the "trust" will also receive a portion of the staking rewards.