buy

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.

Source available for registered users Sign Up Free

AI Analysis

The data point that ETFs acquired roughly 238,200 ETH while the network’s net issuance was only ~2,537 ETH implies a pronounced imbalance between institutional ETF demand and daily ETH supply. When ET...

AI Recommendation

Given the strong ETF-driven demand relative to issuance, I view this development as bullish for ETH in the near term. For investors with a bullish timeframe, gradually building a position in ETH makes...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

You might also be interested in: