Ethereum Staking Reaches Record 30% of Supply as Price Surges and Spot ETF Approval Nears
Ethereum (ETH) staking has hit an all-time high, with close to 30% of its circulating supply—over 34.7 million ETH—now locked in the Beacon Chain. This highlights increased investor and institutional confidence in Ethereum’s proof-of-stake model. Staked ETH has grown 77% in the past two years, while ETH’s price rose about 50% during the same period, underlining robust network engagement despite price lagging previous highs. Ethereum recently reclaimed the $2,700 price level, overcoming historical resistance, a move partially fueled by expectations of a spot Ethereum ETF approval by the US SEC, especially proposals that feature staking. Institutional inflows, such as those from BlackRock’s iShares Ethereum Trust, reflect growing mainstream interest. The rise in staking reduces Ethereum’s liquid supply and enhances network security, setting a foundation for potential upward price momentum if demand increases. Traders should monitor pending ETF regulatory decisions and price resistance levels closely, as ETF approval could spark broader access to staking rewards, draw traditional investors, and further reshape the crypto market landscape.
Bullish
Record levels of Ethereum staking demonstrate growing investor confidence and network engagement, while reduced liquid supply could exert upward price pressure if demand grows. Renewed institutional accumulation—particularly inflows from BlackRock’s iShares Ethereum Trust—adds strength to the bullish case. Anticipation of SEC approval for a spot Ethereum ETF, especially if staking is allowed, could broaden access and attract new capital from traditional markets. These developments point to potential short- and long-term price appreciation, supported by both fundamentals and sentiment, with ETF approval likely serving as a major catalyst. However, traders should watch for resistance at key price levels and regulatory outcomes that could alter market direction.