ChainCatcher news, according to Morningstar, BIT Mining's chief economist Youwei Yang stated that to see the next advancement of Ethereum, a key factor is the improvement of regulatory clarity, particularly around the regulation of staking classification.

Ethereum staking refers to the process where holders lock up Ethereum to secure the Ethereum blockchain and earn rewards. Current Ethereum ETFs do not stake held Ethereum, which is a concession by the issuers due to the related regulatory uncertainty.