VanEck: Institutional Accumulation of ETH Poses Asset Dilution Risk for Unstaked Holders

ChainCatcher news, VanEck stated that Ethereum's Fusaka upgrade in December will make it easier for Layer 2 blockchains to scale by alleviating the data burden on validators.

In this context, Fusaka enhances Ethereum's appeal by lowering L2 costs and strengthening its central position in the scaling ecosystem, which is expected to attract more institutional adoption. Additionally, VanEck analysts warned that un-staked ETH holders face dilution risks as institutional participants—from ETFs to crypto treasury companies—continue to accumulate ETH positions and stake them for yields.