According to PANews on October 7, on October 7, on-chain analyst Yu Jin said that the ETH of the US ETH spot ETF is now allowed to be pledged, which may be one of the reasons why ETH rebounded from US$3,800 to US$4,700 during this period.

Grayscale's two ETH spot ETFs have seen 32,000 ETH staked in the past nine hours. They conducted a large-scale ETH distribution 20 days ago, with each address receiving 3,200 ETH. Last night, they announced that their managed ETFs can now be staked, and they then used 10 addresses to stake 32,000 ETH.