📈 BlackRock’s iShares ETH ETF now holds over 2 million ETH, per @NateGeraci
That’s 1.65% of total ETH supply (~121M) 🔥
💡 Implications:
1️⃣ ETH is being steadily absorbed by institutions
2️⃣ Spot ETF = supply sink, just like BTC
3️⃣ ETH entering its institutional phase?
📉 Retail is selling
📥 ETFs are stacking
🧠 Still think ETH is expensive?
