But where does liquid staking fit into this picture? A spot ETH ETF, if approved, could induce demand from institutional traders, who will then likely scramble to participate staking. Simply holding ETH won’t be enough, these institutions will pivot to staking, looking to give their investors a higher return on their ETF holdings (especially on a deflationary asset).
Chicago Mercantile Exchange (CME) Plans to Launch Spot Bitcoin Trading: FT
“Crypto exchanges might lose some business with the potential debut of a bitcoin spot market on the CME, a global...