The potential approval of spot Ethereum (ETH) exchange-traded funds (ETFs) in the US, which includes plans for staking, might amplify concentration risks within the Ethereum network, S&P Global Ratings highlighted in a recent analysis.
According to the report, the SEC could approve ETH ETFs as early as May. However, as financial heavyweights vie for a stake in this emerging sector, the entry of ETFs could significantly sway the balance of validator power in Ethereum, posing new challenges and opportunities.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased