• Home
  • About Us
  • disclaimer
  • Privacy Policy
  • Terms and Conditions
  • Contact Us
Crypto News
  • Home
  • Crypto News
  • Team Portofolio (Premium)
  • Member Login
No Result
View All Result
  • Home
  • Crypto News
  • Team Portofolio (Premium)
  • Member Login
No Result
View All Result
Crypto News
No Result
View All Result
Home Crypto News

Bit Digital ‘thrilled’ by Ethereum ETFs however highlights their lack of staking options

Cryptoadmin by Cryptoadmin
July 17, 2024
in Crypto News
0
Bit Digital ‘thrilled’ by Ethereum ETFs however highlights their lack of staking options
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter



Bit Digital expressed optimism round spot Ethereum (ETH) ETFs’ upcoming launch however drew consideration to the funds’ lack of staking on July 16.

The corporate stated it’s “thrilled for the elevated normalization and adoption” round Ethereum and the know-how’s potential to reshape the monetary system. Bit Digital additionally asserted that the ETFs could possibly be a major value catalyst for ETH in future months.

Nevertheless, Bit Digital drew consideration to the funds’ limitations, noting:

“You will need to observe that the ETH ETFs gained’t be capable to stake and profit from ETH’s full potential.”

Bit Digital referred to its web site, which identifies the agency as the one publicly traded Bitcoin miner that stakes Ethereum. The corporate spends BTC mining rewards on ETH, which it stakes. It then redeploys ETH staking rewards so as to add sustainable Bitcoin miners, concluding the cycle.

Bit Digital additionally states that it’s among the many largest ETH holders of any Nasdaq-listed firm, holding over 29,000 ETH ($100.4 million).

The corporate stated its BTBT shares present “publicity to the good contract economic system.”

ETF candidates dropped staking

A number of spot ETH ETF candidates tried to accommodate ETH staking to their proposals round February. They meant to deal with staking rewards as revenue for the fund.

Nevertheless, candidates eliminated staking plans from their purposes to reportedly meet the SEC’s anticipated approval necessities round Could. Spot ETH ETFs have since gained preliminary approval with out allowances for staking.

Bloomberg ETF analyst Eric Balchans believes the SEC will grant issuers permission to launch the funds on July 22, permitting the funds to start buying and selling on July 23.

The put up Bit Digital ‘thrilled’ by Ethereum ETFs however highlights their lack of staking options appeared first on CryptoSlate.

Tags: BitDigitalETFsEthereumfeatureshighlightslackstakingthrilled
Share76Tweet47
  • Trending
  • Comments
  • Latest
USDG Rewards: Earn as much as 4%+ APR in USDG on Kraken

USDG Rewards: Earn as much as 4%+ APR in USDG on Kraken

April 10, 2025
PURA Cost Processing | CoinPayments

PURA Cost Processing | CoinPayments

May 13, 2024
How Essential is Jito Solana MEV Bot Growth for the Cryptocurrency Ecosystem?

How Essential is Jito Solana MEV Bot Growth for the Cryptocurrency Ecosystem?

July 31, 2024
The Sandbox Basic Evaluation – Metaverse Crypto Gaming Platform

The Sandbox Basic Evaluation – Metaverse Crypto Gaming Platform

March 2, 2024
Ethiopia to begin mining Bitcoin by means of new information mining partnership

Ethiopia to begin mining Bitcoin by means of new information mining partnership

0
Be part of HitBTC official social media channels !

Be part of HitBTC official social media channels !

0
Bitwise launching spot bitcoin ETF (BITB) – CryptoNinjas

Bitwise launching spot bitcoin ETF (BITB) – CryptoNinjas

0
DeFi Masterclass. Decentralized Finance (DeFi) is an… | by Rohas Nagpal | Blockchain Weblog

DeFi Masterclass. Decentralized Finance (DeFi) is an… | by Rohas Nagpal | Blockchain Weblog

0
The Hidden Energy of Immediate Engineering in Your On a regular basis Work

The Hidden Energy of Immediate Engineering in Your On a regular basis Work

September 6, 2025
Why was Michael Saylor’s Technique snubbed by a S&P 500 secret committee?

Why was Michael Saylor’s Technique snubbed by a S&P 500 secret committee?

September 6, 2025
Ran Neuner Internet Price (2025)

Ran Neuner Internet Price (2025)

September 6, 2025
Pudgy Penguins Chooses OpenSea As Its Official NFT Market

Pudgy Penguins Chooses OpenSea As Its Official NFT Market

September 5, 2025

About Us

Welcome to Blog.cryptostudy.net The goal of Blog.cryptostudy.net is to give you the absolute best news sources for any topic! Our topics are carefully curated and constantly updated as we know the web moves fast so we try to as well.

Recent Posts

  • The Hidden Energy of Immediate Engineering in Your On a regular basis Work
  • Why was Michael Saylor’s Technique snubbed by a S&P 500 secret committee?
  • Ran Neuner Internet Price (2025)
  • Home
  • About Us
  • disclaimer
  • Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Blog.cryptostudy.net | All Rights Reserved.

No Result
View All Result
  • Home
  • Crypto News
  • Team Portofolio (Premium)
  • Member Login

Copyright © 2024 Blog.cryptostudy.net | All Rights Reserved.