VanEck: Microsoft may be interested in Ethereum ETF that supports staking
December 12, 2024, 5:40 PM
Matthew Sigel, head of digital asset research at U.S. asset management company VanEck, outlined on X that Microsoft shareholders opposed a proposal to hold Bitcoin within its corporate treasury recently, but it may be open to evaluating other cryptocurrency investment opportunities. Crypto Briefing reported that Microsoft may consider investing in an Ethereum (ETH) exchange-traded fund (ETF) that incorporates ETH staking. On December 11 Microsoft disclosed the results of the preliminary vote on the Bitcoin investment evaluation proposal, demonstrating that only 0.55% of shareholders were in favor of the company investing in Bitcoin. Regarding this, the Microsoft board claimed that investing in Bitcoin was unnecessary but that it will continue to monitor trends and opportunities related to cryptocurrencies.
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