Home > Quick > Body

Cancel the staking plan or weaken demand for spot Ethereum ETFs

clock
2024-05-22 19:59:14
Many in the crypto market believe that key changes made by issuers to spot Ethereum ETF applications are good for the Ethereum blockchain, but bad for the ETF offering itself. Issuers including Fidelity and Ark have scrapped plans to pledge Ethereum ETFs. Pledging has been a sensitive issue for Ethereum because it enables holders to receive a gain, raising questions about whether the token should be considered a security regulated by U.S. regulators. Some market participants believe that if an ETF cannot pledge its tokens, then spot ETFs are less attractive than outright purchases of pledgeable Ethereum.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.