In the ever-evolving world of cryptocurrencies, the latest rumors center around the notable rise of ethereum staking tokens, particularly after BlackRock’s latest ETF filing. Leading the charge is the Lido Finance governance token, which has seen a staggering 20% surge overnight, according to data from CoinGecko, reaching a remarkable $2.49.
This increase is not a fleeting moment; Over the past week, the token is up 37%. LDO, beyond attracting speculators, plays a crucial role in the governance of Lido Finance. It also gives holders the ability to vote on critical decisions. Especially those related to protocol adjustments and the management of the Lido treasury.
Here’s everything we know about BlackRock’s move into ethereum ETFs!
<img fetchpriority="high" decoding="async" class="aligncenter wp-image-126001 size-full perfmatters-lazy" alt="An image of a BlackRock building, the company now eyes ethereum ETFs” width=”965″ height=”539″ src=”https://nftevening.com/wp-content/uploads/2023/11/blackrock-solicitar-etf-ethereum–eth–bitcoin–btc.jpg” srcset=”https://nftevening.com/wp-content/uploads/2023/11/blackrock-solicitar-etf-ethereum–eth–bitcoin–btc.jpg 965w, https://nftevening.com/wp-content/uploads/2023/11/blackrock-solicitar-etf-ethereum–eth–bitcoin–btc-300×168.jpg 300w, https://nftevening.com/wp-content/uploads/2023/11/blackrock-solicitar-etf-ethereum–eth–bitcoin–btc-768×429.jpg 768w, https://nftevening.com/wp-content/uploads/2023/11/blackrock-solicitar-etf-ethereum–eth–bitcoin–btc-100×56.jpg 100w, https://nftevening.com/wp-content/uploads/2023/11/blackrock-solicitar-etf-ethereum–eth–bitcoin–btc-150×84.jpg 150w, https://nftevening.com/wp-content/uploads/2023/11/blackrock-solicitar-etf-ethereum–eth–bitcoin–btc-450×251.jpg 450w” data-sizes=”(max-width: 965px) 100vw, 965px”/><img fetchpriority="high" decoding="async" class="aligncenter wp-image-126001 size-full" src="https://nftevening.com/wp-content/uploads/2023/11/blackrock-solicitar-etf-ethereum–eth–bitcoin–btc.jpg” alt=”An image of a BlackRock building, the company now eyes ethereum ETFs” width=”965″ height=”539″ srcset=”https://nftevening.com/wp-content/uploads/2023/11/blackrock-solicitar-etf-ethereum–eth–bitcoin–btc.jpg 965w, https://nftevening.com/wp-content/uploads/2023/11/blackrock-solicitar-etf-ethereum–eth–bitcoin–btc-300×168.jpg 300w, https://nftevening.com/wp-content/uploads/2023/11/blackrock-solicitar-etf-ethereum–eth–bitcoin–btc-768×429.jpg 768w, https://nftevening.com/wp-content/uploads/2023/11/blackrock-solicitar-etf-ethereum–eth–bitcoin–btc-100×56.jpg 100w, https://nftevening.com/wp-content/uploads/2023/11/blackrock-solicitar-etf-ethereum–eth–bitcoin–btc-150×84.jpg 150w, https://nftevening.com/wp-content/uploads/2023/11/blackrock-solicitar-etf-ethereum–eth–bitcoin–btc-450×251.jpg 450w” sizes=”(max-width: 965px) 100vw, 965px”/>
ethereum Staking Tokens Soar Amid BlackRock’s ETF Ambitions
Lido Finance, the leading liquid staking provider, offers an innovative ethereum staking method. Users receive “stETH” tokens, which reflect the price of ethereum while they can be used in DeFi. Second-place RocketPool has seen its token rise 20% to $32.83 in 24 hours.
RocketPool offers “RETH”, similar to Lido’s stETH. The increase in value of staking tokens is linked to BlackRock’s new “iShares ethereum Trust” entity. This move suggests an ethereum ETF, boosting ethereum/”>ethereum price exceeds $2,000 for the first time since July. While not an official ethereum ETF filing, BlackRock’s actions reflect its strategy ahead of the bitcoin ETF filing, prompting analysts to draw parallels.
BlackRock’s foray into digital asset ETFs, including ethereum, stands out for its success story. This marks a significant step in the integration of cryptocurrencies into mainstream finance. BlackRock’s role may signal a new era for digital assets.
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