ETH Price Prediction: New Exchange Application Could Bring Staking to 21Shares’s Ether ETF – Can This Push ETH to $4,000?

The post ETH Price Prediction: New Exchange Application Could Bring Staking to 21Shares’s Ether ETF – Can This Push ETH to $4,000? appeared first on Coinpedia Fintech News

The latest buzz around 21Shares’s Ether ETF and its new staking features has got the market excited, with some believing this could help push Ethereum’s price to a new ATH soon.

While the market watches this development closely, another interesting project could draw attention – PlutoChain.

PlutoChain might tackle one of Bitcoin’s biggest headaches – its speed and cost issues – by building a hybrid Layer-2 solution that could work smoothly with both Bitcoin and Ethereum.  

Let’s check out the details.

Ethereum Price Prediction: New Exchange Application Might Bring Staking to 21Shares Ether ETF – How Will This Impact the Price?

The Cboe BZX Exchange has officially filed for SEC approval to allow staking within the 21Shares Core Ethereum ETF. If granted, this would be a landmark decision, making it the first U.S.-based ETF to offer staking rewards.

Bloomberg’s James Seyffart talked about the significance of this move, as previous ETF applicants—including BlackRock and Fidelity—had removed staking provisions from their filings before receiving SEC approval.

Regulatory concerns have surrounded staking for some time, with SEC Chair Gary Gensler previously stating that proof-of-stake assets could fall under securities classification.

If approved, this decision could open new opportunities for institutional investors, making Ethereum staking more accessible without the technical complexities of direct participation.

Crypto analyst 0din believes that if Ethereum surpasses its previous swing high of $3,700, it could gain momentum and push toward the $4,000 level.

Could PlutoChain Expand Bitcoin’s Functionality with Smart Contracts and Advanced Hybrid Layer-2 Technology?

PlutoChain ($PLUTO) is developing a Layer-2 solution that could significantly expand Bitcoin’s functionality by enabling smart contracts and decentralized applications (dApps). 

While Bitcoin remains the most secure and decentralized blockchain, its 10-minute block time has made it impractical for complex applications, especially when compared to the speed and flexibility of networks like Ethereum and Solana.

PlutoChain might address this challenge by offering a faster and more scalable infrastructure while still leveraging Bitcoin’s security and reliability. 

With a block time of just two seconds, PlutoChain might allow developers to build high-performance dApps that can process thousands of transactions efficiently.

Early testnet data shows the network handling over 43,200 transactions per day, signaling that it has the potential to scale for mainstream use. If these performance levels hold, PlutoChain could make Bitcoin a more viable platform for applications beyond simple value transfers.

Apart from speed and scalability, PlutoChain also prioritizes decentralization through its governance model. Instead of relying on a central authority to dictate updates, the platform gives users a voice in decision-making.

Security is another core focus, with PlutoChain passing audits from well-known firms such as SolidProof, QuillAudits, and Assure DeFi—an important step in building trust and credibility.

A key feature that could set PlutoChain apart is its Ethereum Virtual Machine (EVM) compatibility. This means developers might be able to tap into Ethereum’s massive ecosystem while benefiting from Bitcoin’s security. 

Such interoperability could unlock new possibilities in decentralized finance (DeFi), non-fungible tokens (NFTs), and artificial intelligence (AI), expanding Bitcoin’s role in the blockchain space.

Final Words

If approved, the introduction of staking in 21Shares’ Ether ETF could mark a major milestone for institutional adoption, potentially driving ETH closer to the $4,000 mark.

Meanwhile, PlutoChain ($PLUTO) could generate buzz as a hybrid Layer-2 solution for Bitcoin. By potentially enabling faster transactions, lower fees, and Ethereum interoperability, it could address Bitcoin’s scalability challenges while bringing new use cases.

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This article is not financial advice. Cryptocurrencies and meme coins are volatile and risky. Do your own research before buying any cryptocurrencies and meme coins. All forward-looking statements include uncertainties and may not be revisited.