Over 36 million ETH are currently staked, representing nearly 30% of the total supply. This surge in Ethereum staking signals bullish potential for the cryptocurrency. The looming approval of an Ethereum Staking ETF could further boost demand and contribute to a significant tightening of supply. 30% of circulating Ethereum has been locked into staking, effectively reducing the available ETH on the market. This phenomenon often precedes price rallies as it makes large sell-offs less likely. Ethereum is entering a new phase marked by increased maturity and participation in the network’s operations through staking. The impending approval of an Ethereum Staking ETF could have a substantial impact on both institutional investor access to staked Ethereum and overall market dynamics. This move will allow traditional investors to gain exposure to staked Ethereum without directly managing the asset, potentially increasing capital flow into staking pools. As a result, the already restricted supply of ETH will be further constrained, driving up prices. The bullish outlook for Ethereum is intensifying as we witness these key developments, with some experts even predicting this setup to be one of the most promising in recent history.