以太坊 ETF 質押：超越比特幣的新領域

加密貨幣市場的創新可能即將進入新的篇章，可能將質押整合到以太坊 ETF 中。

Major research and brokerage firm Bernstein has expressed its belief in the potential approval by the U.S. Securities and Exchange Commission (SEC) for the staking yield of the blockchain exchange-traded fund (ETF), as per information published by The Block.

根據 The Block 發布的信息，主要研究和經紀公司 Bernstein 表示相信美國證券交易委員會 (SEC) 可能會批准區塊鏈交易所交易基金 (ETF) 的質押收益率。

In a note on Thursday, November 2, the company's analysts stated that staking yields are expected to be approved for spot Ethereum ETFs in the US under President Donald Trump. This would be, in the experts' view, one of the four factors driving the resurgence of interest in the asset.

在 11 月 2 日星期四的一份報告中，該公司分析師表示，在唐納德·川普總統的領導下，美國現貨以太坊 ETF 的質押收益率預計將獲得批准。專家認為，這將是推動對該資產興趣復甦的四個因素之一。

However, analysts have highlighted ETH’s struggles as a store of value compared to bitcoin, as well as facing stiff competition from other faster Layer 1 blockchains such as Solana (SOL), Sui and Aptos (APT). However, Bernstein expert Gautam Chhugani has highlighted that Ethereum’s risk-reward currently looks attractive, highlighting four growth catalysts. Analysts say the potential inclusion of yield staking is one such factor.

然而，分析師強調，與比特幣相比，ETH 作為價值儲存手段的難度很大，並且面臨來自Solana (SOL)、Sui 和Aptos (APT) 等其他更快的第1 層區塊鏈的激烈競爭。然而，伯恩斯坦專家 Gautam Chhugani 強調，以太坊的風險回報目前看起來很有吸引力，並強調了四個成長催化劑。分析師表示，潛在的收益率抵押就是其中之一。

“We believe that under a new crypto-friendly Trump 2.0 SEC, ETH staking yield will likely be approved,” the analysts wrote.

分析師寫道：“我們相信，在新的加密友好川普 2.0 SEC 下，ETH 質押收益率可能會獲得批准。”

In other news, asset manager 21Shares recently announced a major update to its Ethereum ETP, which includes the introduction of the staking service, as well as the renaming of the product to Ethereum Core Staking ETP.

在其他消息方面，資產管理公司 21Shares 最近宣布對其以太坊 ETP 進行重大更新，其中包括引入 Stake 服務，以及將產品重命名為以太坊核心 Stake ETP。

The introduction of staking in Ethereum ETFs could mark a new era of innovation in the cryptocurrency market. This strategy, according to Wan, could not only reduce management fees, but also significantly increase the volume of Ethereum staking, offering more advantages to investors and positioning these funds in a more competitive situation in relation to Bitcoin ETFs.

以太幣 ETF 質押的引進可能標誌著加密貨幣市場創新的新時代。萬表示，這項策略不僅可以降低管理費，還可以大幅增加以太坊質押量，為投資者提供更多優勢，並使這些基金相對於比特幣 ETF 更具競爭力。

In the United States, the adoption of Ethereum ETF staking still faces regulatory hurdles, with the Securities and Exchange Commission (SEC) concerned about classifying staking services as unregistered securities offerings. This contrasts with Europe, where companies like CoinShares and Bitwise are already benefiting from staking rewards at more affordable rates, demonstrating the viability of the model.

在美國，以太坊 ETF 質押的採用仍面臨監管障礙，美國證券交易委員會 (SEC) 擔心將質押服務歸類為未註冊的證券發行。這與歐洲形成鮮明對比，在歐洲，CoinShares 和 Bitwise 等公司已經以更實惠的價格從質押獎勵中受益，這證明了該模型的可行性。

At press time, Ethereum was trading down 2.8% in the last 24 hours at US$3.590,83

截至發稿時，以太坊在過去 24 小時內下跌 2.8%，至 3.590,83 美元