[NEWS] Ethereum spot ETF staking yield approved? Bernstein reports

The possibility of introducing staking yields to Ethereum spot ETFs in the United States has emerged. On the 2nd, investment firm Bernstein explained in a research report.

The report pointed out that the new administration led by President-elect Trump may have a SEC (Securities and Exchange Commission) composed of people who are positive about crypto assets (virtual currencies). It then explained that staking yields on Ethereum spot ETFs may be approved under the new SEC director.

At the time of the Ethereum spot ETF application, staking yields could not be reflected due to regulatory constraints. However, the report indicated that positive changes will be seen with the transition to the Trump administration. It also pointed out that the introduction of staking yields to Ethereum spot ETFs will "make Ethereum a favorable investment product in terms of supply and demand."

According to Bernstein's report, as of December 2nd, Ethereum's staking yield is about 3.1% per year. However, he pointed out that as activity levels on the Ethereum network increase, "yields could grow to 4-5%."

Currently, activity on the Ethereum network is increasing, and it is being chosen as the platform for various tokenization projects. He also pointed out that 63% of the total value locked (TVL) on all blockchains is concentrated on Ethereum, explaining that this has led to the trust of large investors such as institutional investors.

Demand for Ethereum spot ETFs is increasing day by day. On the 29th of last month, it recorded a record inflow of $332.9 million (approximately 49.9 billion yen), surpassing Bitcoin spot ETFs for the first time. In particular, BlackRock's ETHA (iShares Ethereum Trust) led the way, accounting for more than half of the total.

Ethereum spot ETFs have been recording net inflows for several days, and it is believed that sentiment has improved significantly due to positive views on the incoming Trump administration and other factors.

Reference: Report
Image: Shutterstock

Related articles

BlackRock's Ethereum Spot ETF Surpasses $1 Billion

Industry-wide proposal to approve issuance of Bitcoin spot ETF in Japan