📈 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?

#EthereumETF #iShares