Ethereum ETFs Bought 93x Today's Net ETH Issuance — Strong Institutional Demand
I noticed that Ethereum ETFs purchased far more ETH today than the network issued — roughly ninety-three times as much. This juxtaposition highlights a massive demand event for ETH driven by ETF flows.
According to on-chain analyst @sassal0x, today's net new issuance on the Ethereum network was about 2,537 ETH (approximately $10.1 million). In contrast, net inflows into Ethereum ETFs totaled roughly 238,200 ETH (around $1 billion).
Put simply, ETF buying volume today equaled about 93x the network's net issuance, signaling strong institutional demand relative to daily supply dynamics in the ETH market.
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