Potential Significant Impact on Ethereum Price Due to ETF Inflows
According to CryptoMichNL, 30% of Ethereum (ETH) is currently staked. The projected increase in supply for 2024 is around $170 million. Over the past 10 days, there has been an inflow of $130 million into Ethereum ETFs. If this inflow gains momentum, it could have a significantly larger impact on Ethereum's price compared to Bitcoin.
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Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast
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