Bernstein believes SEC approval for Ethereum ETF staking yield

Bernstein, a research and brokerage firm, recently expressed its belief in potential approval by the U.S. Securities and Exchange Commission (SEC) for the staking yield of the blockchain exchange-traded fund (ETF). Ethereum , agreement with information published by The Block.

According to the publication, the company's analysts stated in a note today, November 2, that staking yields are expected to be approved for spot Ethereum ETFs in the US under President-elect Donald Trump. This would be, in the experts' view, one of the four factors driving the resurgence of interest in the asset.

However, analysts have highlighted ETH’s struggles as a store of value compared to bitcoin, as well as facing stiff competition from other faster Layer 1 blockchains such as Solana (SOL), Sui and Aptos (APT). However, Bernstein expert Gautam Chhugani has highlighted that Ethereum’s risk-reward currently looks attractive, highlighting four growth catalysts. Analysts say the potential inclusion of yield staking is one such factor.

“We believe that under a new crypto-friendly Trump 2.0 SEC, ETH staking yield will likely be approved,” the analysts wrote.

It is worth noting that, in a significant development, asset manager 21Shares recently announced a very important update to its Ethereum ETP, which includes the introduction of the staking service, as well as the renaming of the product to Ethereum Core Staking ETP.

Ethereum ETF Staking: The New Frontier to Overtake Bitcoin

Innovation in the cryptocurrency market may be about to enter a new chapter with the possible staking integration into Ethereum ETFs . This strategy, according to Wan, could not only reduce management fees, but also significantly increase the volume of Ethereum staking, offering more advantages to investors and positioning these funds in a more competitive situation in relation to Bitcoin ETFs.

In the United States, the adoption of Ethereum ETF staking still faces regulatory hurdles, with the Securities and Exchange Commission (SEC) concerned about classifying staking services as unregistered securities offerings. This contrasts with Europe, where companies like CoinShares and Bitwise are already benefiting from staking rewards at more affordable rates, demonstrating the viability of the model.

At the time of publication, the price of Ethereum was quoted at US$3.590,83, down 2.8% in the last 24 hours.