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Fidelity launches FIDD on Ethereum – Could this boost ETH?
['Ritika Gupta', 'Benjamin Njiri', 'Muriuki Lazaro', 'Adewale Olarinde', 'Samyukhtha L Km', 'Ritika Gupta Is A Financial Journalist', 'Geopolitical Analyst At Ambcrypto', 'Specializing In The Critical Intersection Of World Politics', 'Economic Policy', 'The Cryptocurrency Markets. Her Analysis Is Informed Her Distinguished Background']
AMBCrypto
What’s grabbing attention is Ethereum [ETH] as the launch platform.
FIDD launch strengthens Ethereum’s technical edgeWhen smart money starts moving during FUD, it’s never random.
With the FIDD launch, Ethereum’s supply squeeze is real.
BitMine [BMNR] already has 61% of ETH supply staked, pushing total staked ETH to an all-time high of 36.5 million, or over 30% of total supply.
In this setup, ETH’s daily transactions are set to surge, paving the way for a supply squeeze as more fees get burned.