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The Ethereum ETFs pave the way for wider institutional adoption, but remain incomplete. For Robbie Mitchnick from BlackRock, their main drawback lies in the absence of staking, a pillar of yield on Ethereum. This lack could limit their competitiveness against direct investment strategies, which calls into question their ability to meet the expectations of professional investors. The Ethereum ETF from BlackRock quickly established itself as a major player in the market, with 7 billion dollars in assets under management since its launch. This enthusiasm illustrates the appeal of institutions for a product that facilitates access to Ethereum while eliminating the custody and security constraints associated with crypto. In just a few months, Ethereum ETFs recorded 2.5 billion dollars in net inflows, confirming the growing interest of professional investors in this asset class. However, this positive momentum masks signs of fatigue. For the past 11 days, Ethereum ETFs have recorded 358 million dollars in net outflows, a trend that coincides with a more uncertain market climate and Ethereum’s underperformance compared to Bitcoin. Robbie Mitchnick mentions a key factor at the Digital Asset Summit 2025 from March 18 to 20, 2025, in New York City: the absence of yield via staking. “A staking yield is an essential component of return on investment in this space,” he stated . Currently, the Ethereum ETFs do not allow investors to benefit from these passive incomes, which could hinder their competitiveness against available alternatives in the market. Institutional investors see several limitations in the current structure of Ethereum ETFs: Thus, the future of Ethereum ETFs will depend on their ability to evolve towards a more competitive structure and remain compliant with current regulations. Integrating staking into an Ethereum ETF is not just a simple administrative decision. As Mitchnick pointed out, several regulatory and technical obstacles make this option complex to implement. “It’s not as simple as a green light from regulation,” he explained. He emphasized that the issue involved “structural and compliance challenges” to resolve before being able to integrate this functionality. Staking, introduced in December 2020 with Ethereum’s transition to Proof-of-Stake, represents a colossal market, with 85 billion dollars in deposits, or 25% of the circulating supply. The yield generated by this activity ranges from 2% to 7% per year, a major financial asset for crypto investors. However, this strategy also carries specific risks, notably slashing, a penalty applied to validators who do not comply with network rules. This uncertainty could deter some institutional investors, who are reluctant to expose themselves to a model where their funds could be penalized in case of mismanagement of validator nodes. Joseph Lubin, co-founder of Ethereum, highlights that: The answer could lie in a narrative tailored to institutional investors. Rather than focusing discussions on technology and the complexity of the network, he advocates for an approach centered on concrete use cases, such as asset tokenization, decentralized identities, and decentralized finance. While waiting for advancements on staking, Ethereum ETFs will thus have to rely on these narratives to attract investors and justify their relevance compared to other more profitable financial vehicles. If BlackRock and other market players wish to enhance the attractiveness of Ethereum ETFs , they will have to find a way to integrate staking without compromising the security and compliance of the product. The question is even more strategic as institutional investors seek yield placements, and the lack of staking could limit the long-term interest in crypto ETFs.

On March 13, 2025, ARK Invest, under the leadership of CEO Cathie Wood, expanded its cryptocurrency portfolio by acquiring 997 Bitcoin (BTC) valued at approximately $80 million. Both Coinbase exchange deals resulted in the acquisition of cryptocurrency where the first transaction brought 498 bitcoins, followed by another transfer less than four hours later that added 499 bitcoins more. ARK Invest’s recent Bitcoin acquisition demonstrates its desire to grow its digital asset division because the firm believes Bitcoin holds strong potential for the future. This purchase became one of multiple institutional investments in cryptocurrency market funds that distributed significant Bitcoin ETF shares. ARK INVEST RECEIVED $80M OF $BTC FROM COINBASE TODAY ARK INVEST IS BUYING BITCOIN pic.twitter.com/FmpyoNa15A ARK Invest sold $9 million worth of its Bitcoin ETF holdings while continuing to acquire Bitcoin and Coinbase stock because institutions are withdrawing $1.1 billion from spot Bitcoin ETFs. City-wide selling pressure affects the stock market through falling U.S. index values combined with rising inflation rates and trade policy ambiguity. ARK Invest strengthened its position in Coinbase cryptocurrency exchange by making select Bitcoin investments while purchasing 64,358 shares that amounted to $11.53 million. The firm has made its biggest Coinbase stock purchase since starting in August 2024. The cryptocurrency sector appears to receive sustained long-term attention from ARK Invest through their strategic choice to keep Bitcoin positions along with Coinbase stock acquisitions. The Bitcoin market value stands at $81,911 on March 14, 2025 as it shows a 2.04% decrease from the previous day. Bitcoin continues to encounter selling pressure at its $83,700 resistance point, which is battling traders who could drive the price toward the support level at $75,000. Although Bitcoin’s value has experienced price volatility, Cathie Wood and other long-term investors continue to demonstrate optimism about Bitcoin’s future because Wood predicted BTC will reach $1 million by 2030. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

In a speech delivered today at the U.S. Monetary Policy Forum in New York City, Federal Reserve Chair Jerome Powell emphasized the central bank’s cautious approach amid prevailing economic uncertainties. Powell reiterated the Federal Reserve’s readiness to maintain current interest rates, adopting a “wait and see” stance as it monitors the impacts of recent policy changes and economic indicators. “We do not need to be in a hurry, and are well positioned to wait for greater clarity,” he said. Powell highlighted the robustness of the U.S. labor market, noting that employers added 151,000 jobs in February, bringing the average monthly job gains to 191,000 since September. The unemployment rate edged up slightly to 4.1%, remaining within a narrow range between 3.9% and 4.2% over the past year. BREAKING: Fed's Powell: The economy is fine; it doesn't need us to do anything. He observed that wage growth has moderated to a more sustainable pace, aligning labor supply and demand, thereby reducing inflationary pressures from the labor market. “With wage growth moderating and labor supply and demand having moved into better balance, the labor market is not a significant source of inflationary pressure,” he said. Addressing inflation , Powell noted a significant decline from its mid-2022 peak above 7% to 2.5% as of January. He cautioned that recent readings remain somewhat above the Federal Reserve’s 2% objective. “The path to sustainably returning inflation to our target has been bumpy, and we expect that to continue,” Powell said. He emphasized the importance of not overreacting to short-term fluctuations and reiterated the central bank’s commitment to closely monitoring inflation trends to ensure they align with long-term goals. “Inflation can be volatile month-to-month, and we do not overreact to one or two readings that are higher or lower than anticipated,” he said. Powell touched on recent trade policies, including the Trump administration’s announcements and subsequent delays on steep import tariffs affecting trading partners such as Mexico, Canada, and China. These policy shifts have contributed to market volatility and have complicated the economic outlook. Powell emphasized the need for clarity in these areas before making any adjustments to monetary policy, stating that the central bank is well-positioned to wait for greater clarity on the economic outlook. Given these factors, Powell indicated that the Federal Reserve is likely to keep its key interest rate unchanged in the coming months. The central bank had previously cut the benchmark interest rate by 100 basis points to a range of 4.25% to 4.5% in late 2024 and maintained this policy in January. Crypto has responded to Powell’s comments with cautious optimism. Investors appear reassured by the Federal Reserve’s patient approach, though concerns about potential stagflation and Trump’s ongoing crypto summit persist. Bitcoin is currently trading at $88,300.

El Salvador has increased its Bitcoin reserves, purchasing an additional 1 BTC and bringing its total holdings to 6,101.18 BTC, valued at approximately $527 million. This latest acquisition reinforces President Nayib Bukele ‘s ommitment to strengthening the country’s Bitcoin strategy. El Salvador’s National Bitcoin Office confirmed the purchase on March 4 in a post on X. 🇸🇻El Salvador buys another bitcoin for strategic reserve. pic.twitter.com/pyWepGk8bL This move aligns with El Salvador ’s “1 BTC a day” accumulation strategy, aimed at economic diversification and serving as a hedge against traditional financial systems. The purchase also signals the government’s continued confidence in Bitcoin ( BTC ), despite recent market volatility. “It’s not stopping,” President Bukele commented on X following the acquisition. This latest purchase of Bitcoin comes as El Salvador adjusts its Bitcoin policies to align with a $1.4 billion loan agreement with the International Monetary Fund. Recently, the country modified its Bitcoin law, making the cryptocurrency’s use voluntary rather than mandatory. The adjustment was part of efforts to secure IMF support and maintain fiscal stability in the eyes of international lenders. Despite the policy changes, El Salvador continues to bolster its Bitcoin reserves as a key part of its long-term economic strategy. As of March 4, the country has added 46 BTC in the past 30 days, worth approximately $3.97 million, data from the National Bitcoin Office chart shows. This underscores El Salvador’s belief in the potential of Bitcoin to become a store of value and a driver of economic growth. The country’s Bitcoin City project , which won global recognition in 2023, is aimed at creating a hub for cryptocurrency innovation and continues to implement measures to make the country more Bitcoin-friendly.

Ukraine is advancing efforts to legalize cryptocurrency. Lawmakers are reviewing a bill proposing a tax rate of 5% to 10%. The initiative aims to clarify digital asset regulation and taxation while supporting investor confidence. Legislation may be enacted by mid-2025. The Verkhovna Rada committee is moving forward with multiple readings. Chairman Daniil Hetmantsev said lawmakers are doing everything possible for rapid adoption. In a recent tweet from Wu Blockchain, it stated that Ukraine is moving forward with the legalization of cryptocurrency. The tweet added that lawmakers expect a vote on the bill in the coming months. Lawmakers plan a second reading immediately after the first vote. They aim to finalize the bill by the summer of 2025. The process remains under careful review. Officials remain vigilant. Deputy of the Kyiv City Council, Taras KKozak, emphasizes the importance of a fair tax rate for cryptocurrency. Investors and businesses favor a lower tax to boost market participation. Kozak stated, “I am inclined to the fact that there should be a small tax—about 5% to 10%.” He added, “All incomes of citizens should be taxed because our state lives on this money.” He mentioned, “Our army fights, we buy weapons, and we maintain security.” Standard taxation includes 18% on individual income plus a 5% military levy. Investors investing before the law’s enactment may face a 23% rate on total assets. The measure seeks to ensure that funds are properly documented. Kozak expressed optimism about the legislative progress. He said, “I am an optimist and believe that the draft law will pass all readings in the Verkhovna Rada.” He confirmed, “From 2026, crypto will be legalized , and income from it will be taxed.” In another interview, Kozak remarked, “We are doing everything possible to expedite the process.” He later stated, “I’m optimistic that the bill will pass by the end of the year.” He added, “Full legalization and taxation will likely come into effect in 2026.” Officials continue to review the timeline for legal reforms. Industry representatives await further guidance as lawmakers refine the bill details. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.