Nate is wrong.
There are two good reasons for ETH ETF to not exist:
1. If they don't do staking, then the ETF has effectively 5% fees, triple GBTC. Nobody will buy it.
2. If they do do staking, you have created a fully centralized currency. BlackRock controls ETH.
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Nate Geraci
@NateGeraci
I’m now fully recharged from spot btc ETF approval cycle…
Time for spot eth ETF.
We have broken structure in Grayscale’s ETHE, suboptimal eth futures-based ETFs, etc.
You can buy eth on publicly-traded COIN & HOOD, paying hefty fees.
No reason for spot eth ETF not to exist.
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