GM fellow staker,8 Spot Ethereum ETFs are on the way. Crypto as an asset class has been further legitimized and the TradFi boomers are queuing up to get a slice of the pie. May has been a wild ride and we’re here for it. Welcome to edition #33.&nbsp;<h2>✅ Ethereum ETFs Approved - Staked ETH is off the table</h2>Hold onto your hats, the Ethereum ETFs are coming!The spot Bitcoin ETFs are already shaking up Wall Street, with a cumulative total of $58.1B flowing into Bitcoin ETFs since going live back in January.&nbsp;Now it's Ethereum's turn to join the party, with rumors that Ethereum ETFs could come online as early as June. One factor that will certainly help expedite Ethereum ETFs going live, is Staked ETH is&nbsp;off the table.Last week, Blackrock updated their S-1 filing to confirm they will not be including Staked ETH in their Ethereum ETF, following suit with the likes of Fidelity and VanECK. This means that institutional buyers will not benefit from the ~3.5% yield generated from staking rewards.&nbsp;However, it does pave a clearer path for the ETFs to go live. The addition of Staked ETH would add more complexity when it comes to regulation, giving agency for the SEC to put staked ether, and staking, in its crosshairs.The approval of the Ethereum ETFs is a huge milestone for Ethereum and paves the way for more ETFs to be approved in the future.&nbsp;<h2>⚡ Your New Hub for Liquid Staking Alpha</h2>One of the main benefits of liquid staking is the ability to use your LST/LRTs in DeFi.That being said, researching new opportunities to put your LST to work and earn additional yield is no walk in the park.As part of Staking Rewards’ continual evolution, you can now research&nbsp;additional&nbsp;reward options for LSTs on our website. The new “Additional Reward Options” feature is already live for a selection of LSTs on Ethereum, including wstETH, rETH and ETHx.Below you can see all of the additional reward options for wsETH, including Seamless Protocol, Definitive, Ion Protocol and Instadapp. Each reward option displays the expected APY, your estimated rewards after 1 year and your Final Reward Rate, which is the additional yield on top of your staking rewards.<a href="https://www.stakingrewards.com/asset/ethereum-2-0#section-stake-ETH">Explore all additional LST reward options on Ethereum</a>&nbsp;<h2>📰 Weekly Briefing</h2>Here’s this week’s top news from the world of staking…<ul><li>Vitalik shares “Layer 2s as cultural extensions of Ethereum”&nbsp;<a href="https://vitalik.eth.limo/general/2024/05/29/l2culture.html#:~:text=The%20core%20value%20proposition%20of,infrastructure%20to%20achieve%20those%20values.">post</a></li><li>Babylonchian announces $70M raise to advance&nbsp;<a href="https://x.com/babylon_chain/status/1796171723471258091">Bitcoin staking</a></li><li>Paypal launches its own&nbsp;<a href="https://www.coindesk.com/business/2024/05/29/paypal-makes-retail-stablecoin-play-with-pyusd-on-solana/">stablecoin</a> on Solana Ethereum targets Q1 2025 for&nbsp;<a href="https://www.theblock.co/post/296803/ethereum-targets-q1-2025-for-pectra-upgrade-rollout-following-dencun">Pectra upgrade</a> rollout, following Dencun</li><li>Obol launches the Ethereum&nbsp;<a href="https://obol-dvt.notion.site/The-Staking-Mastery-Program-03bcde8a01324262a2e2ccb429ae1bde">Staking Mastery Program</a></li><li>Grayscale Launches&nbsp;<a href="https://decrypt.co/231951/grayscale-trusts-bitcoin-layer-2-stacks-near-protocol">Trusts</a> for Bitcoin Layer-2 Stacks &amp; Near Protocol</li></ul>&nbsp;<h2>📢&nbsp;Pioneering AI Solutions One Subnet at a Time</h2>Bittensor is a decentralized commodities market for innovative AI products.The project's main objective is to address the problem of centralization in AI and the concentration of power within a small number of companies.Get a clearer view of staking on the network by exploring our newly launched $TAO asset profile (the native token on Bittensor).<a href="https://www.stakingrewards.com/asset/bittensor">Explore Bittensor staking</a>&nbsp;<h2>🎟️&nbsp;Staking Summit: Early Bird Tickets</h2>It’s your last chance to get early bird tickets for the Staking Summit 2024.This year’s Summit will take place at the Siam Kempinski Hotel Bangkok. Join 1000+ staking industry attendees at the five-star, resort-inspired haven to explore where staking goes next.<a href="https://www.stakingrewards.com/summit">Book tickets</a>&nbsp;

Staking Insider #34: Ethereum ETFs incoming (minus Staked ETH)

TL;DR:

🧵 What to expect: