Analyst: Ethereum On-Chain Activity Not Reflected in ETH Price, Staking ETF Approval Could Further Unlock Upside Potential
BlockBeats News, August 7th, Vincent Liu, Chief Investment Officer of Kronos Research, stated that the U.S.'s clear stance on cryptocurrency regulation and the accumulation of institutional funds have also boosted interest in Ethereum. Recently, dozens of companies have adopted Ethereum as part of their treasury strategy to achieve balance sheet diversification and attract investors seeking exposure to digital assets. The cumulative value of ETH held by publicly traded companies has exceeded $7.5 billion. The recent surge in on-chain activity on Ethereum has not yet been fully reflected in the ETH price.
Vincent Liu added, "The price of ETH has been relatively cautious, market confidence is growing, but a value reassessment is still underway." If an Ethereum staking ETF is approved, it could further unlock the potential for price appreciation and on-chain activity, making ETH an interest-bearing asset that institutions can allocate to.
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
The AZTEC Token Sale has successfully locked 12,500 ETH and will commence its public sale today.
PIPPIN's Counter-trend Rally Surpasses $200 Million in Market Cap, with a 24-hour Gain of 42.3%
GANA Payment has announced that they will fully compensate $3.1 million and will restart operations on December 2nd.
Solana Ecosystem Meme Coin KABUTO Surpasses $13 Million Market Cap Briefly, with a 327% Price Increase in 24 Hours
Japan's Interest Rate Hike Signal Triggers "Bloodletting" Worries in U.S. Markets, Fed's Rate Cut Prospect May Change
Atención al cliente:@weikecs
Cooperación empresarial:@weikecs
Trading cuantitativo y MM:[email protected]
Programa VIP:[email protected]