“Total net ETH issuance since The Merge: ~388,000 ETH
The ETH ETFs bought ~406,000 ETH over the last 2 days.”
lol holy shit
Total net ETH issuance since The Merge: ~388,000 ETH
The ETH ETFs bought ~406,000 ETH over the last 2 days.
All of the net issued ETH and more since The Merge was bought in the last 2 days by the ETH ETFs.
Now throw in the ETH treasuries and...
The supply shock is real.