The first wave of Ethereum staking ETFs is listed, and DAT and ETF continue to buy in. Is ETH expected to reach ten thousand dollars by the end of the year?

Grayscale ( Grayscale)'s ETH and ETHE have become among the first Spot Crypto Assets ETFs listed in the United States that support staking, and more companies are expected to join in staking, which will help improve fund yields. Ethereum reserve strategy companies and ETFs continue to buy ETH, and after briefly falling below $4,000 at the end of September, ETH quickly rebounded, reporting at $4,682 before the deadline, up 11% in 7 days. Is Tom Lee's year-end target price of 10K just around the corner?

The first wave of Ethereum staking ETFs listed in the United States.

Grayscale (Grayscale) Ethereum Mini Trust ETF ( code ETH) and Grayscale Ethereum Trust ETF ( code ETHE) became the first to be listed in the United States and support staking of spot Crypto Assets exchange-traded products (ETP). More companies are expected to join the staking ranks, which will help improve fund yields.

The Ethereum Spot ETF, after experiencing a pullback at the end of September, has begun to see a return of capital inflows in October. Currently, the total net assets have reached 32 billion USD, accounting for 5.66% of the total circulation of ETH.

Source: SoSoValue Ethereum Reserve Strategy Company and ETF continues to buy ETH

According to data from strategicethreserve, currently each Ethereum reserve strategy company (, also known as digital asset finance company, DAT) holds 5.67 million ETH, and the Ether ETF holds 6.18 million ETH, exceeding 10% of the circulating ETH.

Tom Lee: ETH will reach ten thousand dollars by the end of the year.

This year's best Ethereum caller is none other than Tom Lee, co-founder of Fundstrat and chairman of BitMine, which holds 2.83 million ETH, making it the second largest Crypto Assets holding company in the world, second only to the Bitcoin reserve company MicroStrategy.

( Ethereum giant whale is born! BitMine holds 2.83 million ETH, becoming the second largest crypto assets holding company in the world )

At the end of September, ETH briefly fell below $4,000, triggering panic within the community, but Tom Lee insisted that the long-term outlook for Ethereum remains bullish. After a mean reversion, low-end indicators emerged, with a year-end target looking at 10K~12K. As expected, ETH rebounded quickly after the drop, reporting at $4,682 before the deadline, an increase of 11% within 7 days.

(Tom Lee: BitMine has become a large-cap stock, ETH low-level indicators are emerging, and the year-end target looks at ten thousand dollars)

This article discusses the launch of the first wave of Ethereum stake ETFs, with DAT and ETF continuing to buy in. Is ETH expected to reach ten thousand dollars by the end of the year? First appeared on Chain News ABMedia.