Regarding the current situation of the Ethereum spot ETF, the issuers have not chosen to stake the invested Ethereum (ETH) due to the uncertainty in the regulatory environment. However, with Trump possibly returning to the political arena, the market is optimistic, believing that after Trump's return, there may be clearer guidance on regulatory policies related to cryptocurrencies, especially Ethereum staking. This expectation could pave the way for institutional and traditional financial participants to enter the Ethereum space, thereby enhancing the attractiveness of ETH as a long-term asset capable of generating stable returns.
Although the total supply of Ethereum is currently at its highest level since April 2023, the amount of Ethereum being 'burned' through transaction fees has been rising since September. This trend indicates that the growth rate of Ethereum's supply is gradually slowing down.
Additionally, after the Trump family launched a decentralized finance (DeFi) project, the topic of compliant DeFi has sparked widespread discussion. Notably, the preferred holding of Trump's cryptocurrency fund is not Bitcoin (BTC), but rather Ethereum (ETH). Meanwhile, among the cryptocurrencies favored by traditional capital, ETH also ranks prominently. Therefore, when BTC experiences a correction, the cost-performance ratio of ETH may become even more pronounced.
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