So far, the growth momentum of $ETH mainly comes from the buying power of large funds through Spot ETFs and ETH Treasury companies.
This $ETH is only held and not participating in staking or restaking like regular $ETH flows, as it has not been approved by the SEC. Even if the SEC allows staking of this ETH amount, organizations and investment funds are likely not to use traditional protocols like Lido or EigenLayer due to legal barriers and risk governance.
Additionally, ETH Treasury funds/companies like Bitmine also do not stake through Lido or other protocols but stake ETH according to their own enterprise standards.
=> Therefore, the potential for strong growth of LSD/Restaking in the upcoming period is low.
@icekem_soso x @hoto2009 x @SoSoValueCrypto
#Ethereum
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