Nate Geraci, CEO of Novadius Wealth Management, highlighted a significant trend in the Ethereum market: Companies and potential spot Ethereum ETFs have collectively acquired 3.2% of the total ETH supply since early June. This surge in accumulation is split evenly, with companies and ETFs each holding 1.6% of the supply. This increased demand could be attributed to anticipation surrounding potential spot Ethereum ETF approvals and a general bullish sentiment toward Ethereum's future, particularly with the ongoing development and adoption of Layer-2 scaling solutions. The strategic accumulation suggests a long-term investment strategy, reflecting confidence in Ethereum's continued growth and dominance within the blockchain ecosystem. This trend is definitely one to watch. ```

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