Ethereum 2026 Outlook: Fusaka Upgrade and ETHB's SEC Review Set the Stage for Potential New ATHs

Source: CryptoDaily Original Title: Ethereum 2026 Outlook: Fusaka Upgrade and ETHB’s SEC Review Set the Stage for Potential New ATHs Original Link: https://cryptodaily.co.uk/2025/12/ethereum-2026-outlook-fusaka-upgrade-and-ethbs-sec-review-set-the-stage-for-potential-new-aths Ethereum enters 2026 with a mix of strong structural catalysts and several policy uncertainties that could shape its trajectory over the next twelve months. Capital inflows into ETH investment products have accelerated, real-world asset tokenization continues to expand, and the network prepares for Fusaka. At the same time, the SEC is increasing scrutiny of staking-enabled ETFs, introducing headline risk for both institutional holders and stakers.

Institutional Flows Accelerate as Investors Await ETHB Approval

This week, Ethereum ETFs recorded $250M in net inflows, signaling renewed institutional interest. The trend follows broader rotation into high-liquidity digital assets as investors position for potential rate cuts and expanding tokenization markets.

However, uncertainty remains around staking-enabled ETF structures, particularly BlackRock’s pending proposal. The SEC is required to issue a decision on BlackRock’s staking-enabled product by December 28, and the outcome will set expectations for all future staking-linked securities products.

Recently, BlackRock filed an S-1 registration statement for ETHB, a staked Ethereum trust ETF.

ETHB differs from the firm’s spot product (ETHA) in one key way:

• ETHA tracks the price of Ethereum
• ETHB tracks Ethereum plus the rewards generated from staking

If approved, ETHB could channel $5B+ in annualized staking demand from wealth managers, RIAs, and pension allocators who cannot access staking directly. Institutional staking yields would no longer require custom custody arrangements, simplifying compliance and unlocking a new flow of passive demand.

Fusaka and Ethereum’s 2026 Scaling Outlook

Beyond the regulatory cycle, Ethereum’s technical roadmap remains a core driver of long-term value.

The Fusaka upgrade—the next major milestone after Dencun—is designed to:

• expand throughput
• reduce rollup transaction costs
• strengthen Ethereum’s modular architecture
• increase finality reliability

Fusaka does not attempt to solve everything at once. Instead, it extends Ethereum’s multi-year shift toward a rollup-centric ecosystem, where Layer 2 networks handle execution and Ethereum serves as the settlement and data-availability layer.

In practice, this supports continued migration of enterprise and fintech developers who require predictable fees and high transaction capacity.

Conclusion

Ethereum’s 2026 outlook brings together potential approval of ETHB, a staking-enabled ETF with multi-billion-dollar demand potential, and scaling advancements through Fusaka. The primary tailwinds come from institutional demand and Ethereum’s expanding role in global tokenization infrastructure. If ETHB secures approval and Fusaka progresses on schedule, Ethereum could enter 2026 with a clear path toward new all-time highs.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.