On-chain analyst Ember said that ETH in the US ETH spot ETF is now allowed to be pledged, which may be one of the reasons why ETH has rebounded from $3,800 to $4,700 during this time.
The two spot ETFs managed by Grey Release have pledged 32,000 ETH in the past 9 hours. They made a massive ETH distribution 20 days ago, with 3,200 ETH per address. Last night the announcement confirmed that the ETFs they manage can now pledge ETH, and then they pledged 32,000 ETH with 10 addresses.
Two ETH spot ETFs managed by Grey Release pledged 32,000 ETH in the last 9 hours
2025-10-07 00:59:31
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