BlackRock's head of digital assets, Robbie Mitchnick, praised the success of the firm's Ether ETF but highlighted the importance of staking for optimization.
The Success of Ether ETFs
Robbie Mitchnick, speaking at the Digital Asset Summit, highlighted the success of the Ether-based ETF, but noted the significant shortcoming due to the absence of a staking feature.
Staking Challenges and Prospects
Adding staking to Ether ETFs is no simple task due to many complex challenges. However, solving these can significantly alter product dynamics. Currently, Ether staking yields between 2% and 7% annually, but it involves potential risks like slashing if validators misbehave.
Joseph Lubin's View on Ethereum's Future
Ethereum co-founder Joseph Lubin mentioned at the summit that the potential of Ethereum as a technological platform is so large that it is difficult to explain it in full. He emphasizes that Ethereum should focus on real applications valuable for users and businesses.
BlackRock continues to advocate the importance of integrating staking for the full potential of Ether ETFs. Meanwhile, experts discuss Ethereum's potential in technological advancement and investor interest.
