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Just saw the NASDAQ proposal: allow iShares Ethereum Trust to stake! ETH is flying?
Hey, the E guards probably had to laugh out loud when they saw the news!
Nasdaq actually proposed to let the iShares Ethereum Trust be pledged?
Isn't this sending ETH directly into the arms of financial tycoons from the "play ticket" asset?
Key Impacts:
Now ETH is not just a "gadget" used to pay gas fees, it has directly evolved into a commodity like gold/silver, and even like technology stocks, the investment attribute is directly upgraded! Does it feel like ETH has become very "bullish" in an instant?
Staking Yield: Offers an APY of 2-4%, which also means that you can not only pay with ETH, but also have it make you money!
Market Data:
Pledge: 35.82M ETH has been locked, with a pledge rate of 29.67%, look at the scale of this "passive income"!
Institutional buying, buying: ETH ETF has had a net inflow for 9 consecutive weeks, and the latest week has a net inflow of 908 million US dollars, which is simply a "sweeping" mode!
Supply problem: The amount of ETH issued every day is less than the market demand, and the inflation rate is also low, so I feel that the supply of ETH is a bit tight!
Market Significance:
ETH is slowly flowing out of exchanges, and everyone is quietly turning to staking and ETFs, similar to the model that Bitcoin began to attract institutional investors.
It is to tell you that ETH can not only be used for trading, but now it is more of a "long-term store of value" storage asset.
Summary:
This proposal is simply a "leap" moment for ETH, and it may really be going from a "potential stock" to a "blue chip"!
The rules of the game in the market are starting to change, ETH is becoming more and more integrated into the mainstream financial circle, and the pace of the bull market seems to be getting closer!
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