[Analysis: U.S. ETH Spot ETF Enables Staking Functionality, May Drive ETH Rebound from $3,800 to $4,700] BlockBeats news, October 7, on-chain analyst Yu Jin stated that the ETH in the U.S. ETH Spot ETF is now allowed to be staked, which might be one of the reasons for ETH's rebound from $3,800 to $4,700 during this period. The two ETH Spot ETFs managed by Grayscale staked 32,000 ETH in the past 9 hours. They conducted a large-scale ETH distribution 20 days ago, with 3,200 ETH allocated to each address. Last night, an announcement confirmed that the ETFs they manage can now stake ETH, and they staked 32,000 ETH using 10 addresses.