$ETH Staked Ethereum has clocked a new record as the asset’s price reclaimed a 12-day high amid major institutional accumulation.

The amount of Ether

ETH

$2,774

staked on the Beacon Chain reached a record high of 34.65 million ETH on Sunday, eclipsing the previous high on Nov. 10, 2024.

The amount of Ether staked has been relatively stable, above 33 million for the past year. However, it started to tick up again in June, according to the network explorer Beaconcha.in.

The higher staking level indicates that more holders are not prepared to sell at current levels, preferring a yield from staking instead Almost 30% of supply staked

A Dune Analytics dashboard confirmed the record figure, reporting that 34.8 million ETH was staked as of Monday, while Ultrasound.Money reports 34.7 million staked.

The analytics platform also reports that the current amount staked is equivalent to 28.7% of the current circulating supply of Ether, which is 120.8 million, as issuance returned to inflationary in February.

ETF staking coming soon?

The milestone also comes as the industry anticipates the approval of spot Ether ETF staking by the US Securities and Exchange Commission.