According to Decrypt, Rich Rines, an initial contributor to the Bitcoin staking Layer-1 network Core, revealed that the company plans to enter the U.S. ETF market within the next five years. Rines said, "We launched the world's first yield-generating Bitcoin ETP on the Frankfurt Stock Exchange in June, and our goal is to launch an ETF in the U.S. as soon as regulations allow." This ETP offers a 5.65% yield through non-custodial Bitcoin staking. A Messari report indicates that Core's platform saw a 1032% year-over-year increase in total value locked (TVL) to $76.4 million in the second quarter of 2024, largely driven by its non-custodial Bitcoin staking product launched in April.