According to research by international credit rating agency S&P Global Ratings, the ETF decision for Ethereum in the USA may bring new risks for the altcoin.
Some giant names in the USA, such as BlackRock and Fidelity, have applied to the SEC to establish a spot Ethereum ETF. With Ark Invest, Franklin Templeton also offers clients who invest in ETFs Distribute staking rewards from the Ethereum network is planning.
S&P Global Ratings stated that this is a change in the Ethereum network. may cause concentration explained:
“Spot Ethereum ETFs, which also include staking in the US, will one way or another reduce the concentration of validators on the Ethereum network.” become big enough to change “He can come.” Therefore, the choices ETF issuers will receive How will it affect density risk? Understanding is critical.”
Analysts of banking giant JPMorgan also made a similar warning. Analysts say that if liquidity providers or node operators on the Ethereum blockchain are concentrated in a small group, they may be the target of attacks he stated.
According to the S&P Global Ratings team, staking return ETFs that provide Ethereum are currently the biggest validator Instead of a decentralized protocol like Lido, which A more institutional cryptocurrency organization Will prefer to work with.