CryptoQuant data shows that while the supply of Ether is increasing, the amount of staking is also near an all-time high. Polymarket bettors see a 90% chance that the Ethereum ETF will be approved in the US by July 26, but there are still several steps to complete before trading. Julio Moreno, head of research at CryptoQuant, said: "The total amount of ETH pledged continues to increase and is close to an all-time high, currently at 33.3m ETH, accounting for 27.7 per cent of total supply."