Blackrock calls for urgent integration of staking into Ethereum ETFs to revitalize investors' request

<p> <strong> Blackrock calls for urgent integration of staking into Ethereum ETFs to revitalize investors' request </strong> </p>

Blackrock urges Ethereum ETFs: A necessary step towards the middle acquisition

Blackrock has again positioned itself in the world of cryptocurrencies and emphasizes that Ethereum ETFs (Exchange Traded Funds) are a crucial step to mobilize capital. Robert Mitchchnick, head of the Department of Crypto at Blackrock, commented on the current market and the challenges that Ethereum ETFs looked at during the Digital Asset Summit in New York.

challenges for Ethereum ETFs

Since its introduction in July 2023, Ethereum ETFs have not achieved the expected market shares. Many analysts had predicted that they would perform in a similar way to Bitcoin ETFs that had massive tributaries. MitnCCHNICK contradicted the view that interest in Ethereum ETFs was low, but admitted that some aspects are still missing. "It is no question that it is less perfect for ETH today, without staking," he said, adding that the possibility of generating returns through staking is an essential component for the attractiveness of investments in cryptocurrencies.

The Ishares Ethereum Trust Etf

Blackrock has launched the Ishares Ethereum Trust ETF and also offers a tokenized money market fund called Buidl, which has initially started with Ethereum and now also includes aptos and polygon. In contrast to regular ETH investors, owners of Ethereum ETFs are currently not benefiting from staking rewards, which reduces the attractiveness of ETFs for potential investors. Staking enables investors to use their ETH in the network in order to receive returns in return.

The complexity of staking

However, the implementation of staking in these financial products is a complex task. Mitchnick explains: "There are many rather complex challenges that have to be solved. However, if this succeeds, it could lead to a significant increase in activities around these products." One of the greatest hurdles for the growth of Ethereum ETFs is approval by the US security and stock exchange supervisory authority (SEC). In the past, some services in the field of cryptocurrencies have been classified as non -registered securities, which made their introduction difficult.

market developments and price trends

In addition, Ethereum faces its own challenges, since the price of ETH has dropped by more than 40 % this year, which is due to unclear narratives after the last major software upgrade and increasing competition, especially by Solana. Standard Chartered has therefore even reduced its price for ETH by more than half.

Despite the negative market mood, co -nicking is optimistic. He emphasizes that the facet of technological innovation and the future of the Ethereum network are crucial for the long-term success and the acceptance of Ethereum ETFs. "Eth ... in the second stage is easier to define, but it is much more difficult at the tenth level," he added.

FAZIT

Establishing the efforts of Blackrock to establish Ethereum ETFs show the potential and challenges of the cryptocurrency market. With the continuous redesign of regulations and the pursuit of innovative solutions, Blackrock could play a key role in the future of the Ethereum market.