Analyst: Ethereum On-Chain Activity Not Reflected in ETH Price, Staking ETF Approval Could Further Unlock Upside Potential

On August 7th, Vincent Liu, the Chief Investment Officer of Kronos Research, stated that the United States' clear stance on cryptocurrency regulation and the accumulation of institutional funds have also stimulated 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 further added, "The price of ETH has been relatively cautious. Market confidence is on the rise, but a value reassessment is still in progress." 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.