Ethereum ETFs Purchased 93× Today's Net ETH Issuance
I observed that Ethereum ETFs bought an amount of ETH today equivalent to 93 times the net issuance on the Ethereum network.
According to @sassal0x, today’s net new issuance on the Ethereum network was about 2,537 ETH (approximately $10.1 million). The net inflow into Ethereum ETFs today was roughly 238,200 ETH (around $1 billion).
Putting those figures together, Ethereum ETFs purchased about 93x the network’s net issuance today, highlighting a large ETF-driven demand imbalance for ETH.
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