Exciting news as 21Shares seeks to add Ethereum staking to its ETF, potentially increasing profits for investors. Market analysts are optimistic about the impact of this decision.
Following 21Shares’ request to add staking capability to its Ethereum ETF, the cryptocurrency’s price surged by nearly 5%. This price increase occurred after CBOE BZX, on behalf of 21Shares, filed its formal request. If 21Shares’ request is approved, it will be the first entity to offer Ethereum staking in a Spot ETF product. The aim is to enhance investor profits and align the fund’s performance with Ethereum’s actual returns. However, 21Shares has not introduced itself as a staking service provider and has not guaranteed any specific returns. Market analysts view this news positively, believing it will make the product more appealing to institutional investors.
