Coinbase controls 8% of staked ETH, opening the door to staking ETF

Coinbase has solidified its status by controlling 8% of the staked ETH, with more than 34 million ETH locked in the Beacon contract. This positioning could pave the way for the introduction of staking ETFs, enhancing institutional investment opportunities.

Although recent demand for ETH ETFs has been low, the proposed staking ETF may revive interest and attract new investors, offering incentives through additional income opportunities.