According to @MilkRoadDaily, ETFs and strategic treasuries are buying and locking 35.77 ETH for every 1 ETH newly issued, showing absorption far exceeding issuance (source: @MilkRoadDaily, Aug 29, 2025). This indicates a rapidly tightening ETH float and reduced available supply in the market, as described by the source (source: @MilkRoadDaily).