Approximately 40% of Ethereum’s supply is locked as the market awaits final approval for ETH spot-based exchange-traded funds (ETFs). Over 33 million ETH, around 28% of the total supply, is staked on the network to support its security and operations, earning users rewards in return.
Additionally, 12% of the supply is locked in smart contracts and bridges, such as the Arbitrum One bridge, which has seen consistent growth over the past three years. Market observers believe this substantial ETH lockup and the impending ETF approval will significantly boost ETH prices.
Tom Dunleavy from MV Capital noted that spot ETH ETF flows could rapidly move the market. Bitwise’s Katherine Dowling and Bloomberg ETF analyst James Seyffart suggested that the ETFs are nearing approval, potentially before the end of the month.
Crypto bettors on Polymarket expect these products to launch by July 26, with an 87% chance of being listed for trading. The approval of these ETFs could mark a significant milestone for Ethereum, potentially accelerating its adoption and market impact.
