Staked ETH surpasses 36 million, nearing 30% of total supply

The amount of staked Ethereum (ETH) has surpassed 36 million tokens, representing nearly 30% of the total supply and valued at approximately $118 billion, The Block reported. This new high exceeds the previous record of 29.54% of the supply staked, which was set last July. The Block attributed the increase primarily to active participation from institutions such as Bitmine (BMNR). It also highlighted the growing entry of institutional asset managers, noting that Morgan Stanley is preparing to launch an ETF that includes staking rewards. The publication suggested that as the circulating supply becomes increasingly locked, price volatility could rise during periods of increased demand.