Ethereum co-founder Joe Lubin expressed hope for the regulatory approval of staked ETH ETFs in the near future.
Current ETF Situation
Last year, the US Securities and Exchange Commission approved spot Ether ETFs. Nine such products were launched in July, yet they had a slower start compared to Bitcoin ETFs, with a cumulative inflow of around $2.7 billion. The decision on staked ETFs is still pending.
Expert Opinions
Joe Lubin mentioned that ETF issuers are diligently working on addressing staking-related complexities. He believes this effort will positively impact the technology and ecosystem, potentially enhancing client diversity.
Future Prospects
Recent leadership changes at the SEC might facilitate staked ETF approval. Crypto-friendly Commissioner Hester Peirce is heading a newly formed crypto task force. In a December interview, she hinted that a shift towards a more crypto-supportive Commission could ease the approval process. Industry experts, including former Polygon CFO Young Ko, view these developments favorably.
Overall, the prospects for staked ETF approval appear promising. This development could significantly contribute to the global crypto ecosystem's resilience and diversity.
