Ethereum Treasuries and ETFs Hold 10M+ ETH — 8.3% of Supply; Monitor Flows

I note that Ethereum treasury and ETF holdings have surpassed 10 million ETH, roughly 8.3% of the current total supply.

That level of concentrated holdings can tighten the free float and be supportive for price if these coins remain locked or staked, but it also increases concentration and potential liquidation risk if ETFs or treasuries rebalance.

I'll be watching net ETF inflows/outflows, on‑chain transfers from treasury addresses, and issuance/staking trends to judge whether this becomes a sustained supply shock or a source of volatility.