Ethereum Staking Reaches Record High as Institutional Interest Grows
Ethereum (ETH) has been in the spotlight once again, but this time, it’s not just about its price movements or upcoming protocol upgrades. The latest buzz surrounding Ethereum is the record-breaking surge in staked ETH, indicating a significant increase in investor confidence and institutional participation.
With nearly 30% of ETH’s circulating supply now staked, totaling 34.65 million ETH locked on the Beacon Chain as of June 8th, this milestone represents a new all-time high, surpassing the previous peak set in November 2024. Recent data from a Dune Analytics dashboard even reported an even higher figure of 34.8 million ETH staked, equivalent to approximately 28.15% of Ethereum’s circulating supply.
Staking activity had remained relatively stable above 33 million ETH for much of the past year but began trending upward again in June, signaling a renewed interest in long-term commitment to the Ethereum ecosystem.
The surge in staked ETH comes at a time when anticipation is mounting for spot Ethereum Exchange-Traded Funds (ETFs) that include staking. Analysts predict that the U.S. Securities and Exchange Commission (SEC) is likely to approve staking-enabled ETH ETFs in the near future, with potential launches expected within weeks. ETF issuer REX Shares has already filed using regulatory workarounds, paving the way for other ETF providers to follow suit.
In addition, BlackRock’s iShares Ethereum Trust (ETHA) has been accumulating ETH consistently, with 23 consecutive trading days without any outflows. If approved, staking ETFs could further enhance Ethereum’s appeal as a yield-generating and institutional-grade asset.
Meanwhile, Ethereum’s price has surged over 8% in the past 24 hours, currently trading at $2,768. Bullish momentum is evident on the daily chart, with a rising Relative Strength Index (RSI) just below the overbought zone at 65.39 and On-Balance Volume (OBV) indicating healthy buying interest.
With consistently higher lows and increasing volume, ETH is poised to test the $2,800 resistance level. If bullish momentum continues, a breakout towards $2,900 could be on the horizon. However, traders should be cautious of potential pullbacks if the RSI enters overbought territory.
Overall, Ethereum’s recent milestones in staking and price performance underscore its growing relevance in the digital asset landscape, attracting both retail and institutional investors alike. As the ecosystem continues to mature, Ethereum’s position as a leading smart contract platform remains firmly established. The Benefits of Reading Books
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