ETF Demand Surpasses New Supply for Ethereum and Bitcoin

TLDR Ethereum ETFs bought 67,532 ETH, over 3x the weekly issuance of 18,577 ETH. Bitcoin ETFs purchased 3,170 BTC, slightly exceeding new weekly network issuance. ETF demand surpasses new supply, but prices remain stable without major reaction. $208M in ETH and $286M in BTC were absorbed by ETFs without immediate market spikes. Ethereum and Bitcoin [...]

The post ETF Demand Surpasses New Supply for Ethereum and Bitcoin appeared first on Blockonomi.