$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.