If the SEC approves the application, the iShares Ethereum Trust will be able to participate in the Ethereum ecosystem less centrally and more efficiently through an in-kind mechanism. This could become a gateway for institutional staking and additional yield for ETHA holders, reinforcing the fundamental growth driver for Ethereum.

🧠 Key Insight: the institutional market is gradually approaching the integration of DeFi tools, and staking in ETFs is an important step in this process.