Ethereum ETF staking will have little impact without multimonth rally: Analyst
Bloomberg ETF analyst Eric Balchunas says Ether needs “more than just a good week here and there.”
Key takeaways
Approving staking for spot Ether exchange-traded funds (ETFs) in the US may have a minimal impact on inflows unless Ether sees a sustained rally, says Eric Balchunas
ETH dropped significantly in price after the launch of the ETFs last year, unlike spot Bitcoin ETFs, which saw new all-time highs just two months after launching.
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