The prospect of a US approval of Ether exchange-traded funds threatens to exacerbate the Ethereum ecosystem’s concentration problem by keeping staked tokens in the hands of a few providers, S&P Global warns.
After the first spot Bitcoin ETFs were approved in January, investors are expecting Ethereum’s native token to be next. Some of the spot Ether ETFs applications — namely ones from Ark Investment Management and Franklin Templeton — are proposing to allow staking, that is when Ether holders lock their tokens to the Ethereum network to help validate transactions and to earn additional yields.
This news is republished from another source. You can check the original article here