Cryptopolitan 2025-03-20 22:10:15

BlackRock endorses staking for Ethereum ETFs

BlackRock is pushing for staking in Ethereum ETFs, calling it a necessary step to make the funds more attractive to investors. Robert Mitchnick, head of crypto at the firm, said at the Digital Asset Summit in New York that the lack of staking is one of the biggest reasons demand for these funds has been weak. Since launching in July, Ethereum ETFs have failed to gain traction. Many expected them to perform like Bitcoin ETFs, which saw massive inflows, but that hasn’t happened. Mitchnick dismissed the idea that interest in Ethereum ETFs is low, but he admitted something is missing. “There’s no question it’s less perfect for ETH today without staking,” he said. “A staking yield is a meaningful part of how you can generate investment return in this space, and all the [ether] ETFs at launch did not have staking.” BlackRock launched the iShares Ethereum Trust ETF and has a tokenized money market fund, BUIDL, which started on Ethereum and has since expanded to Aptos and Polygon. BlackRock sees staking as key to Ethereum ETF growth Right now, Ethereum ETF holders aren’t earning any staking rewards, unlike regular ETH investors. Staking lets investors lock their ETH on the network in exchange for yield, making it an important part of Ethereum’s value proposition. Without it, these ETFs are less appealing. But adding staking isn’t simple. “It’s not a particularly easy problem,” Mitchnick said . “There are a lot of fairly complex challenges that have to be figured out, but if that can get figured out, then it’s going to be sort of a step change upward in terms of what we see the activity around those products is.” The SEC is one of the biggest hurdles. It has historically classified some staking services as unregistered securities under the Howey Test, which determines whether an asset counts as a security. However, the new SEC administration is taking a different approach. The agency has launched a crypto task force that will hold its first roundtable discussion on Friday to define the security status of digital assets. Ethereum, meanwhile, has been struggling. The ETH price has dropped more than 40% this year, weighed down by unclear narratives, declining revenue after its last major upgrade, and growing competition from Solana. Standard Chartered even slashed its ETH price target by more than half. Mitchnick isn’t convinced the pessimism is justified. “ETH … at the second grade level is easier to define … but at the 10th-grade level is a lot harder,” he said. “Second-grade level: it’s a technology innovation story. … Beyond that, it does get a little more vast, a little more complicated. It’s about being a bet on blockchain adoption and innovation. That’s part of the thesis as we communicate it to clients.” Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

La maggior parte ha letto le notizie

Banks Just Got the Green Light: OCC Clears Cr...
2025-05-10
Trump-Linked WLFI Buys $3.5M ETH, $1M WBTC as...
2025-05-10
Is This Altcoin The Amex of Crypto?
2025-05-10
Coinbase Rejects Risky Michael Saylor Bitcoin...
2025-05-10
Criminal Groups Allegedly Target Bank of Amer...
2025-05-10
Uniswap’s Path: Could the Rally Reach $8 or $...
2025-05-10
The Next Wave Starts Here: Best Long-Term Cry...
2025-05-10
Massive Bitcoin Institutional Demand: Why Sup...
2025-05-10

Notizie correlate

Bitcoin ETFs Reach New Inflow Milestone Amid Marke...
10 May 2025
Binance Spurs a Twist as Doodles Token Value Dips
10 May 2025
President Trump to Unveil Next Phase of TRUMP Toke...
10 May 2025
Whale Transfers 500 Billion PEPE Tokens to Binance...
10 May 2025
BlackRock meets with SEC Crypto Task Force to disc...
10 May 2025
Bitcoin Whale Entry Prices Diverge Sharply – Confi...
10 May 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta