Ethereum spot ETFs and financial strategy firms acquire 3.2% of total ETH supply since early June
Suehyeon Lee
Summary
- It was reported that institutional demand for Ethereum (ETH) is accelerating.
- It was stated that, since early June, Ethereum spot ETFs and ETH financial strategy firms have each acquired about 1.6% of the total supply.
- It was reported that, combined, the two groups have acquired a total of 3.2% of the ETH supply.
Institutional demand for Ethereum (ETH) appears to be accelerating.
On the 7th (local time), Nate Geraci, CEO of NovaDius Wealth Management, said on X, "Since early June, Ethereum spot ETFs and ETH financial strategy firms have each accumulated about 1.6% of the total circulating supply."
Ethereum spot ETFs and financial strategy firms have thus acquired 3.2% of the total Ethereum supply.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[New York Stock Market Briefing] Rebound on bargain hunting in blue chips…Apple jumps 4%](https://media.bloomingbit.io/PROD/news/3710ded9-1248-489c-ae01-8ba047cfb9a2.webp?w=250)
