Ethereum Nears Record Staked Supply as Spot ETF Approval Looks Promising

Ethereum’s (ETH) supply is experiencing an increase, and the amount of staked ETH is nearing historically high levels. Market sentiment is optimistic, with a 90% likelihood of spot exchange-traded fund (ETF) approval by July 26, according to Polymarket bettors. Julio Moreno from CryptoQuant has highlighted that 27.7% of Ethereum’s total supply, equivalent to 33.3 million

Source: CoinOtag