According to BlockBeats, on October 7, on-chain analyst Yu Jin stated that the ETH of the US ETH spot ETFs is now allowed to be staked, which may be one of the reasons why ETH rebounded from $3,800 to $4,700 during this period.
The two ETH spot ETFs for grayscale management staked 32,000 ETH in the past 9 hours. They conducted a large-scale ETH distribution 20 days ago, with each address receiving 3,200 ETH. An announcement last night confirmed that the ETFs they manage can now stake ETH, and they staked 32,000 ETH using 10 addresses.
