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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.
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