Coinbase Dominates Ethereum Staking, Paving the Way for ETH ETFs

Coinbase, a major player in cryptocurrency exchange, holds a significant portion of staked Ethereum (ETH), potentially signaling its involvement in launching Ethereum-based Exchange Traded Funds (ETFs). With up to 8% of the total staked ETH supply under their control, Coinbase stands as one of the largest validators on the network. Their dominance offers retail investors a way to participate in staking without needing to lock up the full 32 ETH.