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🚀🚀🚀Whales are entering! BlackRock officially submits application for Ethereum staking ETF
Just now, the crypto world welcomes a historic moment: the world's largest asset management company, BlackRock, has officially submitted an application for an Ethereum staking ETF. This giant, managing over $13.5 trillion in assets, is building a bridge for traditional capital to directly access the world of crypto returns.
🔥 A fundamental change in the 'game rules'
This is not just the addition of another ETF product. The 'staking' ETF applied for by BlackRock aims to allow investors to hold Ethereum that automatically generates returns in traditional accounts, just like buying and selling stocks. This means:
Asset attribute reshaping: ETH will transform from an asset that relies on price appreciation to a 'yield-bearing asset' with stable cash flow, similar to interest-paying government bonds or dividend-paying blue-chip stocks. The current annualized staking yield is about 3%-5%.
Demand opened wide: This will attract traditional fixed-income investors who had previously hesitated due to the lack of cash flow in crypto assets and are seeking stable returns, bringing in new incremental funds.
Supply continues to tighten: Once a significant amount of ETF funds purchase and stake ETH, it is equivalent to permanently 'sucking liquidity' out of the circulating market. Currently, over 40 million ETH have been staked on the beacon chain, accounting for more than 30% of the circulating supply, and institutional entry will intensify this trend.
🚀 Why is the market target so aggressive?
Wall Street legend analyst and Fundstrat co-founder Tom Lee has proposed a long-term vision of ETH at $62,500. His core logic is that Ethereum is at a similar 'institutional' turning point as Bitcoin was in 2017. He believes that a target for Ethereum at the end of this cycle of $12,000-15,000 is reasonable.
Supporting this expectation are multiple factors resonating together, including staking yields, deflationary mechanisms, new ETF demand, and Layer 2 development. Some analysts believe that with these factors combined, ETH reaching $10,000 or even $15,000 is not a fantasy.
Finally, the market turning point has arrived; how will you choose?
1. Do you believe in ETH realizing a value reassessment due to its 'yield-bearing asset' attribute, or do you think Bitcoin's 'digital gold' status remains unshakeable?
2. If the staking ETF is approved, will you view it as a long-term allocation or a short-term trading opportunity?
