dYdX CEO Predicts ETH Spot ETF with Staking in Europe and Beyond

IconCryptoNewsTerminal Staff19 Jul, 2024

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dYdX CEO Predicts ETH Spot ETF with Staking in Europe and Beyond

dYdX CEO Charles d'Haussy foresees the potential for Europe and other regions to introduce ETH spot ETFs with staking capabilities. He suggests that the launch of an ETH spot ETF is imminent, with the focus now shifting to who will pioneer an ETH spot ETF with staking. According to d'Haussy, staking rewards for Ether (ETH) held in ETFs could entice more investors to the cryptocurrency. He believes that a successful ETH spot ETF with staking could lead to similar products for other proof-of-stake cryptocurrencies. The introduction of ETH spot ETFs with staking could broaden the appeal of cryptocurrencies to traditional financial investors who prioritize yield-generating assets. It could also provide a more convenient way for investors to gain exposure to ETH and participate in the staking process. However, regulatory approval remains a key hurdle for ETH spot ETFs with staking. Regulators need to address issues such as custody, valuation, and investor protection before approving such products.

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