Ether ETF Listing Approval Sees Billions Poured Into Restaking Protocol Ether.Fi
Ether ETF Nod: Will Ether.fi Redefine Crypto ETFs?
Following the approval of an Ether ETF listing, Ether.fi, a restaking protocol, has seen a significant influx of investments, with its total value locked (TVL) reaching a record $5.4 billion. Over the past ten days, nearly $1 billion worth of ether has been deposited into Ether.fi, boosting its native token by 41%.
The surge in deposits and TVL is driven by anticipation of a U.S. spot ether ETF approval, which could integrate staking and restaking features for added yields. Ether.fi’s CEO, Mike Silagadze, believes the SEC's approval will enhance Ethereum's visibility and validate its smart contract capabilities, potentially influencing future ETF products.
What is the total value locked (TVL) in Ether.fi following the recent inflows of capital?
The total value locked (TVL) in Ether.fi has reached $5.4 billion following recent inflows of capital. This increase was driven by the deposit of almost $1 billion worth of ether (ETH) into the protocol over the past ten days.
How much ether has been deposited into Ether.fi in the past ten days, and what is its approximate dollar value?
In the past ten days, more than 270,000 ether (ETH) has been deposited into Ether.fi. The approximate dollar value of this deposit is around $995 million, given the recent price of ether.