Ethereum ETF staking will have little impact without multimonth rally: Analyst

Key takeawaysApproving 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 BalchunasETH 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. For inflows to increase again, Balchunas said ETH would need a multimonth run along with a strong narrative. Spot Ethereum ETFs being able to stake a portion of the tokens under their control may not help garner inflows without a more sustained rally in the token’s price, says Bloomberg ETF analyst Eric Balchunas. Balchunas said on an April 29 episode of the New Era Finance Podcast that staking being approved for Ether (ETH) ETFs would have “a little” impact on inflows, adding “it’s only going to help — it can’t hurt source: https://cointelegraph.com/news/ether-etf-staking-impact-on-inflows-little-price-rally-eric-balchunas?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound