Spot Ethereum ETFs are seeing more demand than the amount of new ETH coming into circulation. On July 16, U.S.-listed spot Ethereum ETFs saw their biggest day of inflows yet, taking in over $726 million worth of ETH — more than 200,000 coins — according to data from SoSoValue.
That’s over 100 times more than the Ethereum network issued that day, figures from Ultrasound Money show.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io