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Home News Crypto

Ether.fi Hits Record $5.4B TVL Amid ETF Approval Buzz

by Team Lumida
May 24, 2024
in Crypto, News
Reading Time: 3 mins read
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Ether.fi Hits Record $5.4B TVL Amid ETF Approval Buzz
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Key Takeaways

  1. Ether.fi’s TVL soared to $5.4 billion, driven by $1 billion in new deposits.
  2. Ether.fi CEO predicts ETF approval will boost Ethereum and smart contract adoption.
  3. Ether.fi’s native token surged 41%, outperforming broader market indices.

What Happened?

Ether.fi has seen a surge in activity, attracting nearly $1 billion in ether deposits over the past ten days. This influx has propelled the protocol’s total value locked (TVL) to an all-time high of $5.4 billion, up from $4 billion.

Ether.fi offers an annual yield of 3.48%, with an additional 15.1% available through its liquid vault, attracting investors eager to earn extra yield on their staked ether. The protocol’s native token, ETHFI, has also surged by 41% in the past week.

Why It Matters?

The spike in Ether.fi’s TVL underscores growing investor confidence in Ethereum, particularly as the U.S. nears the approval of a spot ether ETF. This approval is anticipated to shift the narrative around Ethereum and smart contracts, making them more accessible and mainstream.

CEO Mike Silagadze believes that ETF products incorporating staking could become a reality, offering new yield-generating opportunities for shareholders. This could significantly enhance the adoption of Ethereum, increasing its market value and relevance.

What’s Next?

As the market awaits the SEC’s decision on the ether ETF, investors should watch for further inflows into Ether.fi and other staking protocols. The approval could catalyze more interest and investment in Ethereum-based products, potentially boosting the ecosystem’s overall value.

Additionally, the evolving regulatory landscape will be crucial in determining how staking and restaking strategies are integrated into future ETF offerings. Investors should stay tuned to how these developments unfold, as they could significantly impact market dynamics and investment strategies.

Ether.fi’s performance should be compared against other staking protocols and ETF products to gauge its relative success. Monitoring the SEC’s stance and any subsequent regulatory changes will be critical. The broader acceptance of Ethereum and smart contracts could drive long-term growth, benefiting early adopters and long-term investors alike.

Source: Coindesk
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018