๐ DATA:
Ethereum ETFs may have appeared to enter the market with $10.36B in assets, but the headline number doesn't tell the full story.
Around 98.7% of that opening base came from Grayscale trust conversions, meaning it wasn't entirely fresh capital flowing into ETH ETFs.
The more important demand signal came after launch: $12.87B in separate net creations.
Thatโs where the real institutional buying story begins. ๐
#Ethereum #ETF #crypto #CryptoMarket
Ethereum ETFs may have appeared to enter the market with $10.36B in assets, but the headline number doesn't tell the full story.
Around 98.7% of that opening base came from Grayscale trust conversions, meaning it wasn't entirely fresh capital flowing into ETH ETFs.
The more important demand signal came after launch: $12.87B in separate net creations.
Thatโs where the real institutional buying story begins. ๐
#Ethereum #ETF #crypto #CryptoMarket
