SharpLink points to staking, ETF flows and RWA data as institutional Ethereum adoption builds

SharpLink said institutional Ethereum adoption indicators are strengthening even as ETH has stayed near bear-market lows since early February. The firm cited 38.7 million ETH staked (about $89 billion, roughly 32% of supply), exchange balances at 15 million ETH, and US spot ETH ETF flows turning positive in April. ETH traded just above $2,250 late Tuesday and rebounded to just under $2,300 in Asia on Wednesday, still nearly 54% below its August 2025 all-time high.