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25 July 2024 20:54, UTC
According to the latest development, BlackRock CEO Larry Fink said that adding the staking feature to Ethereum Spot ETFs is “not on the agenda.”
Eight newly approved spot Ethereum ($ETH) ETFs made a strong debut this week despite lacking staking income, a key feature of Ethereum's native token.
Grayscale Ethereum Trust (ETHE), which has existed in non-ETF form for years but was newly converted to an ETF, saw outflows of approximately $811 million. However, new products like BlackRock saw nearly $800 million deposited in the first two days. Issuers expressed satisfaction with these early results.
With a new administration taking office in January, the landscape can change quickly and issuers remain hopeful that staking may eventually become part of their products.
*This is not investment advice.
