Ethereum treasury firms lean on staking as ETF pressure builds: Report

Ethereum treasury firms are shifting toward staking revenue as spot crypto ETFs erode their passive-holding advantage. Staking comprised 60% of disclosed revenue among six ETH treasury companies, though losses totaled $1.41 billion in 2025. The repricing reflects weakened demand for traditional crypto exposure vehicles, pushing firms toward active yield strategies to justify valuations and sustain models.
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