In the strong ETF inflow In recent weeks, growing institutional interest in the ETH Treasury Department has led to Ethereum’s validator entry queue reaching its highest level in two years on Tuesday.
There are currently 860,000 ETHs, and today it’s worth around $3.7 billion, and you’re waiting in line. Processing an existing queue can take approximately 14 days. Lead Analysts, Lead Analyst, are able to enter the ballots of less than 1,800 people every day, with only 900 people allowed. cex.io, I said Decryption.
Everstake calls the results “pretty impressive” because they haven’t seen queues of this size since September 2023. Shanghai Upgrade Earlier that year, ETH stakers were able to withdraw the capital for the first time.
Users who want to become validators wait for users who can bet their tokens and earn rewards, Control mechanisms of the network after ETH deposition. Ethereum ETFs have generated over $13 billion inflows, and most of these investments have come in the past six weeks.
Meanwhile, the Ministry of Finance has become a mushroom at Bitmine Immersion, and earlier this year it focused on Bitcoin mining, increasing its ETH holdings to $8.1 billion. The company aims to accumulate 5% of its total supply of Ethereum.
Additionally, Otychenko noted that network fees have fallen. Almost 40% Even as a network activity, for the past month I’ve reached the record level“Makes staking more attractive and accessible.”
https://x.com/eth_everstake/status/1962900646383735137
Ethereum, the second largest cryptocurrency, has recently increased by 4.6% to $4,416 in the last 24 hours, according to data provider Coingecko at Crypto Markets.
The myriad Linea market shows that 77% of respondents believe Ethereum will reach $5,000 by the end of the year. (Disclosure: Myriad is a forecast market and engagement platform developed by editorially independent parent company Dastan. Decryption. )
Rajiv Sawhney, Head of International Portfolio Management for Crypto Asset Management Company Wave Digital Assetswe believe that recent surges arise in part from the capital flowing to ETH Ministry of Finance management companies that frequently bet ETH on behalf of others.
Sawhhney said investors are increasingly looking for uncensored Ethereum to a treasury company to “double or triple money when the lockup expires.” He pointed out Large investment Last week, Cathie Wood’s Bitmine investment management in Ark Investment Management.
He also highlighted an impressive return. Sharplink (SBET) pipe products In May, the company raised more than $500 million in private capital from investors and invested in the muddy Ethereum. The Treasury, which has been transformed into an online manufacturer, has accumulated around $3.6 billion in ETH since it changed its purpose. Sawnd These returns It may encourage other investors.
Sawhney also pointed out Previous incident In August, ETH and LIDO prices were separated by ether (STETH), forcing many utilized investors to sell out, causing an unusual pattern in the Validator queue over the next few weeks.
