Trump-linked crypto platform’s $33 million Ether (ETH) Transfer Spurs ETF Staking Hopes

Sentiment for Ethereum (ETH) has dipped to depressed levels recently, but the crypto platform’s latest maneuver regarding President Donald Trump may offer hope for a rebound.

World Liberty Financial (WLFI), a decentralized finance (DeFi) platform linked to the Trump family, this week deposited a total of $33 million worth of 10,000 Ether (ETH) into liquid staking platform Lido Finance (LDO) for staking and rewards, blockchain . Arkham Intelligence revealed the data. Lido is the largest ethereum platform with $31 billion in assets deployed on the platform.

The transactions took place after World Liberty Finance received More than $110 million in crypto assets, including ETH, wrapped bitcoin (wBTC), Tron’s TRX, AAVE, LINK and Etena’s ENA, CoinDesk reported.

The maneuver raises hopes that regulators will soon allow staking for spot ETH exchange-traded funds. SEC Commissioner Hester Pierce, who is now in charge agency’s crypto task forcesaid one last month Interview with Coinage He said he is open to reviewing rates for ETFs. Former SEC Chairman Gary Gensler, known for his anti-crypto stance on the industry, resigned on January 20th when Trump took office.

Staking makes investment products more attractive, allowing investors to receive a steady income stream on their shares and reducing product fees. US spot ETH ETFs have a combined $12 billion in assets SoSoValue data.

The potential regulatory approval could shift the price of ETH and neighboring ecosystem tokens like Lido’s LDO. Recently, the future of Ethereum has been under the microscope, with the price falling compared to its competitors. leadership disputes and concerns about the project’s development roadmap. ETH has recently dropped 4 year low price against Bitcoin (BTC) and has given market share in trading activity to fast-growing blockchains like Solana.

“I will never trade ETH again, but watch how quickly the sentiment changes when the ETH ETFs that are priced in come in the next few weeks,” said a crypto trader. said Pentoshi.

“ETH will have a weekly gig pump at some point in 2025, around ETF news… If (you’re) very long ETH, you should dump and move to better assets,” said Alex Kruger, partner at Asgard Markets, which X post.