Ethereum's staking volume has reached a historic high ❗ ️ 43.8 million ETH, locked in validators, accounting for 35.9% of the total supply. But another number: the pledge yield, fell from 2.81% to 2.63%. The more you lock, the less you earn. What's even more bizarre is that individual investors are pledging while institutions are running. Since October, the net outflow of US spot Ethereum ETFs has reached $1.08 billion, marking the largest monthly outflow of the year.