[VanEck: Institutional Accumulation of ETH Poses Asset Dilution Risk for Non-Staked Holders] BlockBeats News, October 4, VanEck published an article stating that Ethereum's Fusaka upgrade in December will reduce the data burden on validators, making it easier for Layer 2 blockchains to scale. In this context, Fusaka enhances Ethereum's appeal by lowering L2 costs and strengthening its central role in the scaling ecosystem, with the expectation that this ecosystem will attract more institutional adoption. Additionally, VanEck analysts warned that non-staked ETH holders face dilution risks as institutional participants—from ETFs to crypto treasury companies—continue to accumulate ETH positions and stake them to earn yields.