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.

Read more