The post 70% Of Ethereum Institutional Investors Engaged In ETH Staking appeared first on Coinpedia Fintech News
Reportedly, almost 70% of institutional investors in Ethereum (ETH) are now participating in the ETH staking. Notably, 60.6% of them use third-party staking platforms. Moreover, 69.2% of institutional investors holding Ethereum are now engaged in staking the platform’s native “ETH” token. Among these, 78.8% are investment firms and asset-managing companies. Further, more than one out of five institutional investors, or 22.6% of the investors said that ETH or an ETH-based liquid staking token (LST) now constitutes more than 60% of their total portfolio allocation.