Coinbase是最大的以太坊（ETH）的最大持有人之一，可能标志着其提供占有ETF的能力

Coinbase是以太坊（ETH）的最大stakers之一，含有多达8％的固定供应。集中式交流甚至超过了二手交流

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，可能标志着其提供Staking ETF的能力。交易所控制着多达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，含有多达8％的固定供应。集中式交流甚至超过了二元，它载有约220万个固定的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.

集中交易所作为枢纽，以使其更安全，同时也获得了被动收入。 Coinbase目前将其用作中介机构提供多达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提供较小赌注的回报，同时处理成为验证者的物流。

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

Coinbase积极主动地保护了一些顶级连锁店，最近也成为快速的Solana验证器之一。

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.

以太坊的交换角色可能与提供基于桩的ETF有关。现有的资金通常诉诸于持有其资产的Coinbase监护权，并可能扩展到Coinbase的Staking Service。

Staked ETH may revive ETF buying

固定的ETH可能会重新购买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的问题之一是对其可用ETF的需求相对较弱。在过去的几天中，大多数顶级ETF都有净流出。需求降低是在卖出ETH的压力之后，因为价格徘徊在1,600美元之间。

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可能会激励新买家，因为他们在投资上获得了额外的收入。已经为包括Solana和Avax在内的其他Altcoin ETF提出了桩。但是，ETH Staking仍然是最可靠的常规奖励来源。

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还通过发行Coinbase Stobed ETH，CBETH来做出贡献，该资产也正在扩展到DEFI协议。在获得新形式的代币的同时，携带ETH的能力可能会增加额外的潜在收入。衍生品资产CBETH还以1,758.62美元的溢价进行交易，从而为与Coinbase的股份提供了额外的激励措施。

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，待获得美国证券交易委员会（SEC）的批准。人们期望首次批准有可能在七个星期内到达。机构积分的到来也期望以太坊的更新，这将使一位验证器中最多可容纳2048年的ETH。 Straging可伸缩性的障碍之一是32 ETH限制，使大规模持有人拥有多个验证器。

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.

美国市场仍然缺乏ETF，但是欧洲投资者可以使用21股和位提供的被动收入的产品。 ETF可以消除摩擦和静止的技术风险，同时还满足对收益的需求。

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，将大约3400万ETH放置，扩大了验证器的数量。购买ETF将降低均值的复杂性，同时消除零售买家的32个ETH需求。 Stakers每周与Block Rewards分配超过17,429的ETH，而验证者也获得了少量的汽油费。 ETH保留年度通货膨胀率为0.75％，被存放收益率所抵消。

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