Ethereum ETF staking will have little impact without multimonth rally: Analyst
Spot Ethereum ETFs may struggle to attract inflows without a sustained price rally, according to Bloomberg ETF analyst Eric Balchunas. He stated that while staking approval for Ether ETFs could have a positive impact, it would be minimal without significant price increases. Weak inflows since the July launch of Ether ETFs are attributed to Ethereum's inability to maintain prolonged rallies. A notable surge in December correlated with increased inflows, but since reaching $4,107, Ether has declined 56% to around $1,809. For inflows to improve, a multi-month price increase and a strong narrative are necessary. US ETF issuers await SEC approval for staking in Ether ETFs, with potential deadlines in late May and August, and a final decision expected by the end of October.
