Pip pip, cheerio, and all that jolly good rot! The chaps at the Ethereum Exchange-Traded Fund (ETF) game are positively giddy, like a young lad with a new packet of biscuits. Word on the street is that these blokes are expecting their Ethereum staking ETFs to be approved “reasonably soon,” as Joe Lubin, the Ethereum co-founder, put it. Imagine, a world where you can simply waltz into a shop, buy a nice juicy ETF, and watch your pile of loot grow, as if by magic! The very notion would have made your average Victorian chap swoon! 😂
Now, you might be thinking, “But what about all the complexities around staking and slashing, eh?” Not to worry, old bean, those chaps are busy as beavers, “creating the best solutions” to deal with all that, like a group of clever chaps solving a crossword puzzle. No need to worry about your precious shillings getting lost in a digital black hole! Just relax and let those jolly good fellas at the ETF do their thing. 😎
The US Securities and Exchange Commission (SEC) has already given the thumbs up to spot Ether ETFs, and in July, nine of these products were launched. These chaps, however, have had a rather slow start, like a snail at a marathon. With a total inflow of around $2.7 billion, they’re still playing catch up to their Bitcoin cousins, who are already out there, living the high life. But fear not, my good sir! The SEC, under its new leadership, is apparently about to throw a party, and these staking ETFs are at the top of the guest list. 🎉
On Jan. 21, the SEC announced it was forming a special crypto task force, led by the crypto-friendly Commissioner Hester Peirce, to sort out the whole digital asset world. Think of them as the “crypto clean-up crew!” 🧽 In a December interview, Peirce hinted that this new administration is all about “crypto love,” and suggested that this might be the time for staked Ether ETFs to shine. She’s like a beacon of hope in a world of digital gloom! ✨
On Jan. 22, Young Ko, the former Polygon financial chief, had a bit of a chuckle over this new crypto task force, saying, “it’s great for the industry.” He added that Peirce “understands the tech and is a champion for the builders,” and that this move would be “great” for the Ethereum ecosystem. Sounds like a jolly good chap to us! 👨💼
Bernstein Research, a bunch of smart fellas with clipboards, said last month that they believed that “ETH staking yield [ETFs] will likely be approved” under this crypto-friendly SEC. They’re basically saying, “Hang on to your hats, lads, it’s going to be a wild ride!” 🎢
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2025-01-22 08:19