Prepare for the Ethereum Staking Revolution: XRP’s Wait Just Got Longer! 🚀

In a world where digital currencies flutter about like paper cranes in a storm, each investor’s gaze is locked onto the glowing promise of the next crypto ETF approval. At the front, glimmering with hope (and perhaps a dash of delusion), is XRP, desperately waving its tiny flag. Yet, if one were to inquire of the seasoned sage of ETFs, Nate Geraci, one might hear utterances that send a shiver down the spine of XRP enthusiasts: the SEC’s attention may turn, first, not to our gallant XRP, but to the siren song of staking within the sanctuary of spot Ethereum ETFs. 🌊

On a Tuesday that could have been just another dreary day, the SEC bestowed its tacit approval upon a 19b-4 filing from Nasdaq, allowing the splendid BlackRock’s iShares Ethereum Trust to offer staking services. Ah, how the tides of fortune shift! Geraci, a watchman of these developments for what seems like a lifetime, claimed this is the last morsel on his November checklist—much like finding the last cookie in a jar. 🥳

One item left on my checklist from November…

Staking in spot eth ETFs.

Today, SEC acknowledged Nasdaq 19b-4 for staking in iShares Ethereum ETF.

My guess? This is next on SEC’s hit list.

Sooner rather than later.

Before any addn’l spot crypto ETFs.

— Nate Geraci (@NateGeraci) July 30, 2025

His prediction unfurls like a reluctant bloom: the SEC may act fast, quicker than a cat after a laser pointer, possibly granting Ethereum its shining moment before any of our crypto darlings like XRP receive a nod. 🙈

Why does this matter?

Ah, staking! This delightful concept invites ETH holders to earn passive rewards by ensconcing their tokens within Ethereum’s proof-of-stake system—a virtual couch where tokens hibernate, making money in their sleep. Should ETF issuers embrace the notion of staking the underlying ETH within a fund, they’d plunge into an uncharted sea of yield potential, a siren’s call that traditional finance can no longer afford to overlook. How quaint it would be if Ethereum ETFs operated as the asset intends! 🍸

Meanwhile, while we twiddle our thumbs and cheer for XRP from the sidelines, the SEC has bestowed its blessed approval for in-kind creation and redemption for both Bitcoin and Ethereum ETFs, marking yet another grand upheaval in the financial landscape. Investors can now settle directly in BTC or ETH, banishing cash to the outer realms, slashing the costs of trading and smoothing the clumsy edges of tax efficiency. Cha-ching! 💰

In summary, it appears that the SEC is less inclined to gracefully expand the ETF family tree and more focused on polishing the existing baubles. If Geraci’s echoes ring true, staking stands poised to be the next grand enhancement—leaving XRP to twiddle its thumbs while the Ethereum party rages on. 🕺

Read More

2025-07-30 12:53