TL; DR
Full story
There is a lot of grumbling about the fact that the Ethereum Exchange Traded Funds (ETFs) will have no stakes.
The argument is that these funds are disadvantaged because they cannot (legally) earn interest on their Ethereum holdings.
It’s an ongoing point of discussion/argument that we’ve largely turned away from since we heard a regulatory expert respond to the issue.
And we thought we’d share it with you guys so you can tune out the noise and focus on more important things.
(Like slowly increasing the height of all the desks in your office so that everyone starts convincing themselves that they are getting smaller).
The regulatory big wig’s response went something like this:
“The SEC is a slow-moving organization and has quickly approved the ETH ETFs.
Figuring out the complexity of staking and how to build it into reliable regulatory frameworks will take time.
They will probably allow this later, just not in the early versions of ETH ETFs.”
And BOOM!
You now have one less crypto-centric internet discussion to focus on.
We wish you all the best on your agency psyop xx
