Actually, this topic was discussed when the #ETH spot ETF application was made. Many friends were asking me at that time whether the approval of the spot ETF and staking would be beneficial for staking and the staking sector. My answer then is the same as now: the answer is 'no.'
Why?
Because even if the staking of the spot ETF is approved, it would not be possible to stake 'compliant' assets with a non-compliant 'enterprise.' Without discussing the lawsuit with the SEC here, it is simply impossible for institutions like BlackRock, Grayscale, and Fidelity to hand over their #Ethereum to a non-SEC-recognized entity.
So, possibility one is that these institutions directly stake in the official ETH staking pool and provide users with a T+N+1 redemption cycle.
Possibility two is that U.S. compliant exchanges or custodians, including Coinbase, obtain SEC permission to conduct ETH staking. Currently, Coinbase has already stopped allowing ETH staking in many places around the world, including Singapore, so this possibility is relatively low.
Possibility three is that compliant ETH institutions acquire or build staking 'nodes' and obtain SEC approval. Relatively speaking, this possibility is also quite large.
Moreover, there is a more important point: if the staking of the ETH spot ETF is approved, it would be a huge attraction for traditional capital, far exceeding the trading volume of ETH in the spot market. There might even be a situation where a large amount of ETH is sold off to buy the spot ETF for staking because, in this case, not only would there be no possibility of penalties, but there would also be no concern about theft, as institutions would provide a safety net.
So, in reality, once it is approved, it would actually represent a significant loss for the existing ETH staking and re-staking projects, as users are bound to shift to more compliant and safer institutional parties for staking.
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