Why ETH Spot ETFs Could Benefit Stakers and Make Ethereum More Resilient

Spot Ether ETFs will likely exclude staking, which the article says could benefit direct stakers and help balance Ethereum's staking ratio. Fidelity and BlackRock excluded staking in their filings, and Bitwise CIO Matt Hougan said on Unchained he expected the SEC to take this route. ETF investors would miss staking rewards of around 3% APY, per Staking Rewards data, which the article says would shift value to those who stake directly or through services like Lido or Rocket Pool. The article adds that the ETFs could also help keep staked ETH from growing too large, though this depends on the SEC never approving staking in these products.