Coinbase Dominates 8% of Staked Ethereum, Paving the Way for a Staking ETF

Coinbase has emerged as a major player in the Ethereum staking landscape, controlling 8% of all staked ETH. This significant share not only positions Coinbase ahead of competitors like Binance but also hints at its potential to launch a staking ETF. With retail investors benefiting from accessible staking options, the platform is reshaping how users earn yields on their Ethereum holdings.

Coinbase Controls 8% of Staked ETH, Potential Staking ETF in Sight

Coinbase is one of the biggest holders of staked Ethereum (ETH), controlling up to 8% of staked ETH. This potentially signals its ability to offer staking ETFs. The centralized exchange has surpassed Binance, which holds around 2.2M staked ETH. Coinbase allows retail investors to gain yield without locking 32 ETH, offering up to 2.14% APY for using it as an intermediary. Currently, staking can bring back up to 3.95% in annualized earnings for those who deposit 32 ETH.

Ethereum Whales Offload 143,000 ETH in One Week

Ethereum is trading around the $1,600 level after several days of failed attempts to reclaim higher prices. The broader structure still reflects a clear downtrend. The crypto market remains uncertain due to ongoing tensions between the US and China. CryptoQuant data shows that Ethereum whales have offloaded approximately 143,000 ETH over the past week, reinforcing fears of further selling ahead.

Ethereum Fees Fall To 2019 Levels

Ethereum transaction costs have fallen to their lowest point in five years, standing at approximately $0.168. The drop comes as users pull back from the network amid economic concerns. According to Santiment, an on-chain analytics platform, the steep decline matches a pattern of reduced activity. Brian Quinlivan, marketing director at Santiment, noted that low network fees often appear before price rebounds, but traders are waiting for global economic questions to clear up before returning to normal trading.

Ethereum ETFs Total Net Assets Decline Over 60%; Justin Sun Won’t Sell ETH

Ethereum ETFs have seen over a 60% decline in total net assets. The price of Ethereum (ETH) today is $1,580. Tron founder Justin Sun stated that Tron will not sell its ETH holdings despite the sustained downtrend. Galaxy Digital has deposited $79.37 million worth of ETH to Binance and Coinbase over the past five days. ETH has maintained a downtrend since December amid oversold conditions in technical indicators. On Thursday, ETH traded just below $1,600 following a 60% plunge in the total net assets of US spot Ether ETFs.