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What’s most interesting to me is that this comes after a fairly volatile period for the market. Despite the uncertainty, participants seem more interested in locking up $ETH than pulling it out. We’ve also seen spot ETH ETFs continue to attract capital this year while Ethereum’s share of tokenized real-world assets remains dominant. Doesn’t guarantee price goes up anytime soon of course. But after everything ETH has gone through lately, it’s interesting to see so many participants still willing to lock up capital for the long term.

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