Whales are accumulating ETH as the SEC signals approval for staking in the Ethereum ETF

Whales are accumulating Ethereum (ETH) amid expectations that the SEC will soon approve staking yields for the Ethereum ETF. Recently, reports have indicated that whale wallets have executed several large transactions, including withdrawing millions of dollars from exchanges to increase their ETH holdings. This action demonstrates the optimism and confidence of major investors in the growth prospects of ETH.

According to analysts, the approval of staking for ETF funds in the United States will create a stronger appeal for holding ETH, especially as the current staking yield could reach 4-5% if network activity increases. This gives whales even more incentive to accumulate ETH, amid Bernstein's prediction that a more crypto-friendly administration could drive this development.

The accumulation by whales could create positive pressure on ETH prices in the near future, especially as the fundamental factors of Ethereum continue to strengthen. With this move, the market is paying attention to the SEC's response and its impact on ETH's price trajectory.