Analyst: The popularity of Ethereum on the chain is not reflected in the ETH price, and the approval of staking ETFs may further unleash their upward potential

BlockBeats News: On August 7th, Vincent Liu, Chief Investment Officer of Kronos Research, stated that the clear attitude of the United States towards cryptocurrency regulation and the accumulation of institutional funds have also boosted interest in Ethereum. Recently, dozens of companies have adopted Ethereum as a capital allocation strategy to achieve balance sheet diversification and attract investors seeking exposure to digital assets. The cumulative value of ETH held by listed companies has exceeded 7.5 billion US dollars. The surge in activity on the Ethereum chain has not yet been fully reflected in the ETH price. Vincent Liu added, "The ETH price trend is relatively cautious, and market confidence is increasing, but value reassessment is still underway. If the Ethereum staking ETF is approved, it may further unleash the potential for price increases and on chain activity, making ETH an interest bearing asset that institutions can allocate.