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Think about it, net ETH issuance since The Merge is 388K ETH
The U.S ETFs have 2.23M ETH so it represents about 17.24 years of ETH supply at the current historical issuance rate.
That's without factoring in Treasury companies or other demand. The supply shock is real $ETH
18.7. klo 10.32
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.
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