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A senior Wall Street analyst stated that this move not only brings Ethereum into the shelves of traditional finance but also allows Wall Street's power to directly participate in the lifeblood of the on-chain economy, marking a disruptive moment.
From holding to participating: ETFs can also "generate interest"
Currently, ETHA manages approximately $7.7 billion. If the application is approved, ETF issuers can lock their held ETH on-chain to participate in validation, earning staking rewards, conceptually similar to bond interest or stock dividends. For investors, this upgrades the pure market risk to a "price + yield" dual engine, enhancing the product's attractiveness.