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Ethereum ETF staking: Novogratz sees shift in SEC’s stance in 2 years

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Mike Novogratz believes that the US will approve Ethereum ETF staking in two years or less after spot ETH ETF are launched.

However, regulatory and Ethereum concentration risks still exist for ETH ETF staking.ETFs will eventually happen despite the current SEC’s stance.on the sidelines of the Consensus 2024, Novogratz maintained that ‘you’d rather get a yield than not get a yield.’ When asked when such would happen to the US spot Ethereum ETFs, Novogratz said,

Bloomberg ETF analyst Eric Balchunas estimated the approval of registration statements and the effective launch of the spot ETH ETF products by June or July. If so, Novogratz’s staking projection would be around mid-2025 or mid-2026.The US SEC has always opposed crypto staking. Last year, Kraken settled with the agency for $30 million and shuttered its US staking operation.

Besides, there have been worries that US spot ETH ETF staking could increase the Ethereum network’s centralization risks., ETH ETF staking could be positive and negative. On the positive side, S&P Global noted,

 

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