$ETH ETF flows aren’t going vertical — they’re going structural.
▸ $1B added in 15 days
▸ ETHA + Grayscale Mini leading the charge
▸ Total ETF NAV = 3.28% of $ETH market cap
Quiet inflows. Sticky buyers. Supply tightening.
You don’t need a pump to spot power rotation.
This is accumulation.