The ETH ETFs have now seen $9.3b of inflows with $4.7b of that coming in July (!) Total AUM is now $21.4b (13.3% of BTC ETF AUM) 4.7% of the ETH supply is now held by the ETFs (6.5% for BTC) Furthermore, ETH held in Treasury is now at 2.6 million ETH (2.1% of the supply) But how is this impacting ETH onchain?

It's rising. ETH staked as a % of the circulating supply is at an all-time high (23%). Why? ETH Treasury companies are buying + staking. This is creating a nice flywheel that starts with large purchases of ETH and translates to ETH strengthening as a collateral asset, driving TVL and DeFi activity. ---- In case you missed it, we shared the Q2 edition of The ETH Report + supporting dashboard. No fluff or hype. Built for tokenholders. You can access the report and dashboard with real-time data below 👇

Here's the link to access the Q2 Report + Dashboard: Brought to you by @BitDigital_BTBT