TechFlow reported, citing Jinshi News, that many in the crypto market believe key amendments made by issuers to their spot Ethereum ETF applications are beneficial for the Ethereum blockchain but detrimental to the ETF products themselves. Issuers including Fidelity and Ark have dropped plans to stake Ethereum through their ETFs.
Staking has long been a sensitive issue for Ethereum because it allows holders to earn returns, raising questions about whether the token should be classified as a security regulated by U.S. authorities.
Some market participants argue that if an ETF cannot stake its tokens, the appeal of a spot ETF would be less than directly purchasing stakable Ethereum.
Add to Favorites
Share to Social Media
