Coinbase是最大的以太坊（ETH）的最大持有人之一，可能標誌著其提供佔有ETF的能力

Coinbase是以太坊（ETH）的最大stakers之一，含有多達8％的固定供應。集中式交流甚至超過了二手交流

Coinbase is one of the biggest holders of staked Ethereum (ETH), potentially signaling its ability to offer staking ETFs. The exchange controls up to 8% of the staked ETH.

Coinbase是最大的固定以太坊（ETH）的最大持有人之一，可能標誌著其提供Staking ETF的能力。交易所控制著多達8％的固定ETH。

Coinbase is one of the biggest stakers of Ethereum (ETH), carrying up to 8% of the staked supply. The centralized exchange even surpassed Binance, which carries around 2.2M in staked ETH.

Coinbase是以太坊（ETH）的最大stakers之一，含有多達8％的固定供應。集中式交流甚至超過了二元，它載有約220萬個固定的ETH。

Centralized exchanges work as hubs for more secure staking, while also gaining passive income. Coinbase currently offers 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 that deposit 32 ETH. Coinbase offers returns for smaller stakes, while handling the logistics of being a validator.

集中交易所作為樞紐，以使其更安全，同時也獲得了被動收入。 Coinbase目前將其用作中介機構提供多達2.14％的APY。目前，Staking可以使32 ETH的人的年收益率提高到3.95％。 Coinbase提供較小賭注的回報，同時處理成為驗證者的物流。

Coinbase has been proactive in securing some of the top chains, recently also becoming one of the fast Solana validators.

Coinbase積極主動地保護了一些頂級連鎖店，最近也成為快速的Solana驗證器之一。

The exchange’s role for Ethereum may be linked to providing staking-based ETFs. The existing funds often resort to Coinbase Custody for holding their assets, and may extend to Coinbase’s staking service.

以太坊的交換角色可能與提供基於樁的ETF有關。現有的資金通常訴諸於持有其資產的Coinbase監護權，並可能擴展到Coinbase的Staking Service。

Staked ETH may revive ETF buying

固定的ETH可能會重新購買ETF

One of the problems for ETH is the relatively weak demand for its available ETF. In the past couple of days, most of the top ETFs had a net outflow. The lowered demand follows selling pressures for ETH, as the price hovers in the $1,600 range.

ETH的問題之一是對其可用ETF的需求相對較弱。在過去的幾天中，大多數頂級ETF都有淨流出。需求降低是在賣出ETH的壓力之後，因為價格徘徊在1,600美元之間。

A staking ETF may give incentives to new buyers, as they receive additional income on their investment. Staking has been proposed for other altcoin ETFs, including Solana and AVAX. However, ETH staking remains the most reliable source of regular rewards.

Staging ETF可能會激勵新買家，因為他們在投資上獲得了額外的收入。已經為包括Solana和Avax在內的其他Altcoin ETF提出了樁。但是，ETH Staking仍然是最可靠的常規獎勵來源。

Coinbase also contributes by issuing Coinbase Staked ETH, cbETH, an asset that is also spreading to DeFi protocols. The ability to stake ETH, while receiving a new form of token may add an extra layer of potential earnings. The derivative asset, cbETH, also trades at a premium of $1,758.62, giving extra incentives for staking with Coinbase.

Coinbase還通過發行Coinbase Stobed ETH，CBETH來做出貢獻，該資產也正在擴展到DEFI協議。在獲得新形式的代幣的同時，攜帶ETH的能力可能會增加額外的潛在收入。衍生品資產CBETH還以1,758.62美元的溢價進行交易，從而為與Coinbase的股份提供了額外的激勵措施。

A staking ETF is currently in the pipeline, pending approval by the US Securities and Exchange Commission (SEC). There are expectations that a first approval can potentially arrive in seven weeks. The arrival of institutional staking also expects an Ethereum update, which would allow the staking of up to 2048 ETH in a single validator. One of the obstacles to staking scalability is the 32 ETH limit, leaving large-scale holders with multiple validators.

目前正在使用Staging ETF，待獲得美國證券交易委員會（SEC）的批准。人們期望首次批准有可能在七個星期內到達。機構積分的到來也期望以太坊的更新，這將使一位驗證器中最多可容納2048年的ETH。 Straging可伸縮性的障礙之一是32 ETH限制，使大規模持有人擁有多個驗證器。

The US market still lacks a staking ETF, but European investors have access to products with passive income, provided by 21 Shares and Bitwise. An ETF can remove friction and the technical risks of staking, while also satisfying the demand for yield.

美國市場仍然缺乏ETF，但是歐洲投資者可以使用21股和位提供的被動收入的產品。 ETF可以消除摩擦和靜止的技術風險，同時還滿足對收益的需求。

Currently, around 34M ETH are staked, expanding the number of validators. Buying an ETF would reduce the complexity of staking, while doing away with the 32 ETH requirement for retail buyers. Stakers split over 17,429 ETH from block rewards each week, while validators also gain a small share of gas fees. ETH retains a yearly inflation of 0.75%, offset by the staking yield.

目前，將大約3400萬ETH放置，擴大了驗證器的數量。購買ETF將降低均值的複雜性，同時消除零售買家的32個ETH需求。 Stakers每週與Block Rewards分配超過17,429的ETH，而驗證者也獲得了少量的汽油費。 ETH保留年度通貨膨脹率為0.75％，被存放收益率所抵消。

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