EXCLUSIVE: Bitcoin ETFs With Staking Could Transform Institutional Adoption, Says Bitlayer Co-Founder

Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) offering staking capabilities could significantly boost institutional engagement by putting idle assets to work, according to Charlie Hu, co-founder of Bitlayer, a Bitcoin Layer 2 solution provider.

In an interview with Benzinga on the sidelines of Eth Denver on Thursday, Hu highlighted the potential regulatory approval of staking ETFs as a pivotal development, emphasizing their role in activating Bitcoin held in custody for yield generation.

His comments come as Bitcoin Layer 2s gain traction for enhancing scalability and utility.

Hu highlighted the current limitations of Bitcoin ETFs, which have seen over $100 billion in buy pressure since their approval last year.

“SEC approving the Bitcoin ETF staking. That’s the one speculating, we don’t know when exactly and whether or not it’s going to happen,” he said, expressing hope …

Full story available on Benzinga.com