Next stop: Ethereum ETFs?

Check the best trends & indicators [View in Browser]( Did you know that over 800,000 ETHs have been staked from self-custody via Ledger Live using our 3rd party providers Lido, Kiln, and Stader Labs? [Securely Stake Your Assets →](   [SEC delays decision on Fidelity's proposed spot Ethereum ETF to March.]( On Thursday the SEC filed to extend the evaluation period of Fidelity’s Ethereum ETF application. Previous statements by the SEC and CFTC have indicated that they consider Ether as a commodity, giving it a higher chance of approval, while Ether staking growing activities suggests that ETH behaves more like a security which, in turn, could challenge a spot ETH ETF approval. On the likelihood of an Ethereum ETF being approved, Seth Hertlein, Ledger’s VP of Public Policy commented for Kitco News: “It's difficult to put a number on it, however, I've seen the likelihood of approval this May pegged at 70%. That strikes me as optimistic, I would put it around 50/50 today.” [Usage of green Bitcoin mining hits unprecedented heights.]( The rate of sustainable energy powering Bitcoin mining reached 54.5% in 2023, representing a 3.6% yearly increase. This growth highlights the Bitcoin ecosystem has made notable progress in increasing its reliance over green energy sources. Per Bitcoin ESG Forecast, Bitcoin Mining is currently the only primary global industry powered mainly through sustainable energy across multiple other subsectors. The blog also highlights that China and Kazakhstan mining bans have led miners to move to greener grids predominantly in North America. [Ethereum Proto-Danksharding upgrade deployed on testnet.]( Ethereum core developers have deployed the Dencun upgrade, hence incorporating proto-danksharding (EIP-4844) on the Goerli test network before the mainnet launch. The Dencun upgrade is an innovative mechanism allowing for the temporary storage and access of off-chain data by Ethereum nodes to reduce storage demands. Its expectations are to lower transaction costs for Ethereum-based DApps and make the protocol more scalable. [Read this thought leadership piece]( where Ledger’s CTO Charles Guillemet explores the future of Ethereum. [Manage Your Assets →](     → [$8.9 billion]( The value of Ethereum (ETH) recently purchased by a whale known for buying low and selling high. In parallel, Ethereum staking hit a new all-time high with 24% of total Ethereum supply staked, reflecting strong user interest. → [-7%]( Bitcoin (BTC)’s price evolution over the past 7 days. This week has gone entirely differently compared to the previous one in terms of price movements, as BTC has failed to produce any major moves for several days straight now. → [$1 Billion]( The total Asset under Management (AuM) hit the BlackRock’s spot Bitcoin ETF on Wednesday, the first cohort to hit this milestone. This “reflects strong investor demand,” said Robert Mitchnick, Head of Digital Assets at BlackRock.  [Buy Crypto Now →](    Now that the US-based Bitcoin ETF is approved, the pressing question is: which token will be next? Our VP of Global Public Policy Seth Hertlein [shared his thoughts with Kitco news.](  The Ledger Digital Art Collection is continuing its mission to showcase the intersection of blockchain and creativity. Our curation team presented our 2023 acquisitions (both Ethereum and Tezos-based) in a nice gallery created with our friend [@0xDecaArt](.  Two years ago El Salvador made Bitcoin a legal tender. But what’s a legal tender? And is Bitcoin a good legal tender? As always, [the]( [Ledger Academy has your back.](  * Buy, swap, lend, and other crypto & NFTs transaction services are provided by third-party providers. Ledger provides no advice or recommendations on the use of these third-party services. [Ledger]( Follow us on: [Ledger YouTube]( [Ledger Twitter]( [Ledger Instagram]( [Ledger Facebook]( [Ledger TikTok](ledger) & listen to our podcast [here](. This email was sent to you because you signed up at Ledger.com or purchased a Ledger product. We respect your right to privacy. Read our [Privacy Policy]( and [Cookie Policy](. © Ledger SAS. All rights reserved. Ledger brands are registered trademarks of Ledger SAS. Ledger SAS, 1 rue du Mail, 75002 Paris To unsubscribe from future emails or to update your email preferences, [click here](NAME}L86DBG?a=n&i=n&elqTrackId=7e9bde660abe4ef6aae1d6d4dcc02590&elq=f62e1c978dd9475eab76357933e3d7d9&elqaid=824&elqat=1&elqCampaignId=377).