Analyst: To make further progress with ETH, the clarity of staking classification regulation needs to be improved.

Odaily Planet Daily reports that Youwei Yang, Chief Economist of BIT Mining, stated that a key factor for seeing the next advancements in Ethereum is improved regulatory clarity, particularly surrounding the regulations on staking classifications. Ethereum staking refers to the process where holders lock up their Ethereum to secure the Ethereum blockchain and earn rewards. Currently, Ethereum ETFs do not hold staked Ethereum, which is a concession from the issuers due to the associated regulatory uncertainty. (morningstar)