Analysts indicate that the approval of staking for Ethereum spot exchange-traded funds (ETFs) listed in the U.S. will bring a significant influx of institutional funds to Ethereum, potentially putting Bitcoin ETFs in competition.
Markus Thielen, head of research at 10x Research, stated in an interview with Cointelegraph that staking for Ethereum ETFs will enhance yields and could "significantly reshape the market."
U.S. ETF issuers are still waiting for the U.S. Securities and Exchange Commission (SEC) to allow Ethereum ETFs to offer staking, having previously submitted multiple requests for approval.
Nate Geraci, president of NovaDius Wealth Management and ETF analyst, mentioned in a post on X on Wednesday (July 30) that given the SEC's recent acknowledgment of Nasdaq's application for BlackRock's iShares Ethereum ETF to add staking, Ethereum ETF staking may be the next "target."
Thielen predicts that the increase in yields could lead to a surge in demand for spot Ethereum ETFs, while also boosting activity in the Ethereum options market.
The basis trading between spot Ethereum ETFs and Ethereum futures has already provided about 7% annualized returns, Thielen noted, adding that staking could further increase yields by an additional 3%, making it more attractive.
"This will bring the total return potential to 10% unleveraged. With 2-3 times leverage, institutional investors can target 20-30% annualized returns through this arbitrage strategy," he said.
Ryan McMillin, chief investment officer at Australian crypto investment management firm Merkle Tree Capital, told Cointelegraph that yields are an important consideration for institutional investors before making investments.
The main reason is that institutions, such as pension funds, focus more on stable and predictable income rather than uncertain capital appreciation; yields are also seen as a way to reduce volatility, he said.
"The Ethereum ETF will now provide diversification from Bitcoin as 'digital gold' to ETH as 'stablecoin infrastructure,' but equally important is that yields do not apply to Bitcoin," he said.
Hank Huang, CEO of Kronos Research, told Cointelegraph that the approval of staking for spot Ethereum ETFs changes the game for institutions waiting for compliant ways to earn yields on-chain without having to touch private keys.
"The Ethereum ETF offers yield plus asset growth, stimulating demand, enhancing liquidity, and sparking greater interest in on-chain participation," he said.
Huang predicts that combining staking rewards with smooth and flexible exits will raise the bar and set a "new gold standard" for bringing cryptocurrencies into mainstream finance.
Related: Ethereum's 10th Anniversary: Top Firms on Wall Street Focus on Crypto Market's ETH Holders
Original article: “Spot Ethereum ETF Staking Could ‘Significantly Reshape the Market’”
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