The Federal Reserve cut interest rates by 25 basis points, but the market didn't give any face. Bitcoin and Ethereum didn't just fail to rise; instead, they dropped sharply, leaving the bulls stunned.
This is actually easy to understand—news of rate cuts has been overhyped for a long time, and when it finally materializes, it becomes the "realization of the event." Even more damaging is Powell's statement: "Likely only one rate cut next year." We initially thought the faucet would open, but it turned out to be just a few drops dripping, so investors naturally became reluctant to play.
**Why does the market always "die in the light"?**
There's a hard rule in the crypto world this year: expectations rise enthusiastically during the anticipation phase, but when the actual announcement comes, prices often fall. The night of the rate cut is the latest example. It's not that the market is pessimistic, but because everyone has already cashed in the benefits in advance, they naturally want to vomit when the event actually occurs.
**But the real big move is actually hidden elsewhere.**
While everyone was focused on Bitcoin's wild swings, BlackRock quietly submitted an application—an Ethereum staking ETF. If this passes, its impact will be ten times greater than a rate cut.
Why so?
**First, ETH becomes a cash-generating asset.**
Institutions buying this ETF can earn staking rewards passively. No need to understand the technology, no need to manage private keys, and no need to worry about validation nodes—money just grows on its own. This appeal to traditional finance is simply unmatched by Bitcoin.
**Second, a large portion of circulating ETH will be locked up.**
Staking means locking tokens, and once institutions start buying en masse, the amount of ETH available for trading on the market decreases, naturally pushing the price ceiling higher.
**Most importantly, big players like pension funds and insurance companies might be tempted.**
They aren't after wild swings and thrills but seek stable income and long-term appreciation. ETH staking ETFs perfectly fit this logic—getting exposure to price increases while earning dividends annually, making it a tailored product for traditional institutional funds.
**The revaluation of Ethereum's value has just begun.**
Bitcoin ETFs have already proven one thing: with an ETF, money flows in. But ETH staking ETFs are even more significant because, unlike Bitcoin which relies solely on price appreciation, ETH can generate real cash flow. For institutions, these are two completely different asset classes.
**Don't panic over short-term volatility; look at the long-term logic.**
Macroeconomic positives like rate cuts only influence the market for a few days, but ETFs represent structural change. The market's true direction has never been in the K-line chart but in the actions of the giants.
In one sentence: Bitcoin is now a supporting actor, while Ethereum is the main character BlackRock is betting on. The next major upward wave is very likely to start with ETH.