BlackRock at ETH
Ang Paghahanda ng Revolusyon sa BlackRock
Mulì na ulit nila BlackRock ang pag-file ng kanilang 19b-4 form para sa Ethereum staking ETF. Hindi sila una, pero palagi silang nakakapasa. Ang simpleng pahayag na ito ay nagdulot ng malakas na reaksyon—hindi dahil sorpresa, kundi dahil tila walang maiiwasan.
Bilang isang analyst na nakatuon sa blockchain at quant modeling, alam ko: kapag gumalaw si BlackRock, hindi ka lang sumunod—silangan sila ang nagtatayo ng timeline.
Ngayon, hindi lang exposure ang ibinibigay nila sa ETH; binubuksan nila ang potensyal nitong kita. At iyan ay nagbabago sa lahat.
Mula Sa Pagtaya Hanggang Kita: Isang Estructural na Pagbabago
Seryoso ako: hindi lang tungkol sa presyo. Tungkol ito sa kita.
Maraming taon, tinuring ang ETH bilang isang volatile crypto—bili nang mataas, benta nang mas mataas. Ngunit ngayon? May 3.5% annual staking reward na nakasalok sa network at isang ETF na magpapasa nito kay investor—maging regulated asset na may passive income.
Imaginahan mo: may IRA ka na may ETH na nagbibigay dividend habang natutulog ka. Iyan ang hinaharap—hindi teorya, kundi tunay na policy drafting.
Si Eric Jackson ay naniniwala sa \(10k—at kahit \)15k—if this momentum holds at tumataas din ang Layer2 adoption. Ang modelo niya ay sumusukat sa net negative issuance matapos The Merge, tumaas na demand mula staking ETFs… at oo—ang sikat ng compounding yield.
Suliranin ng Liquidity (At Paano Ito Solusyunan)
Ngayon comes the hard part: liquidity. ETH ay hindi agad ma-move pagkatapos i-stake—it takes days o weeks para umalis dahil sa exit queue system ni Ethereum. Para kay fund manager? Isipin mo: sudden redemptions?
Ano gagawin nila? Tumutulong sila sa liquid staking derivatives (LSDs)—tulad ng Lido’s stETH o Coinbase’s cbETH—that represent your locked ETH pero trade freely on secondary markets.
Parang meron kang cake at kinakain mo rin: makakuha ka ng yield habambuhay habang handa ang liquidity para trade o gamitin bilang collateral sa DeFi.
Dito bumaba ang infrastructure—is where smart infrastructure wins over messy decentralization under pressure.
Centralized Platforms Ay Nananalo (Para Ngayon)
Ito’y contrarian take ko: bagamat lahat ng usapan tungkol decentralization bilang sagrado—kapag mga regulator and focus at billions are at stake—centralized platforms will dominate the near-term path.
Coinbase wraps your stakes into cbETH—a token pegged 1-to-1 with your staked ETH pero backed by licensed custodian with compliance protocols audited by SEC consultants. No shady nodes. No unregulated validators. Just clean rails designed for institutional flows. Yes, it goes against pure Web3 ideals—but let’s be honest: if Wall Street wants access to chain-native yield without legal risk? They’ll pick what works—even if cozy with big tech firms. The race isn’t just about code anymore; it’s about partnerships with legacy finance.The ones who get selected as BlackRock’s custody partners? They’re already winning.The game has shifted from ‘who builds best’ to ‘who gets approved first’.
Sino Ang Mananalo Kapag Bumukas Na Ang Floodgates?
The beneficiaries aren’t just protocols—they’re entire ecosystems:
- LSD providers: Lido vs Stakehouse vs Coinbase—expect intense competition for fund allocations
- Node operators: Increased demand means more revenue streams for reliable validators
- Centralized exchanges: CBDC-like infrastructure becomes financial backbone for crypto assets And yes—Ethereum itself climbs higher not because of hype cycles alone—but because of structural shifts in capital flow and investor behavior.* Bottom line? This isn’t another bubble cycle. It’s integration. Web3 meets Wall Street—not through rebellion—but through execution.rIf you’re building or investing today—the question isn’t “Will this go up?” It’s “Are you aligned with the system that will win when regulation finally lands?” Follow me on X @DataAlchemist — I post weekly breakdowns of these turning points before they hit mainstream news.
