According to @adriannewman21, they only hold a small SBET position for fun and recommend holding ETH spot or an ETH ETF instead for core exposure, source: @adriannewman21 on X, Aug 17, 2025. According to @adriannewman21, this indicates a clear allocation preference toward ETH via spot or ETF rather than SBET for portfolio positioning, source: @adriannewman21 on X, Aug 17, 2025. According to @adriannewman21, the actionable takeaway for traders is to prioritize ETH exposure through spot or ETF and treat any SBET holding, if used, as a minimal side position, source: @adriannewman21 on X, Aug 17, 2025.

According to @MilkRoadDaily, ETH ETFs recorded $1 billion in inflows for the first time ever, equal to roughly 238,000 ETH, while only 2,500 ETH was issued over the same period, indicating a supply squeeze (@MilkRoadDaily). Based on the figures provided by @MilkRoadDaily, ETF absorption exceeded new issuance by approximately 235,500 ETH during the period, underscoring a tightening float that @MilkRoadDaily characterizes as a supply squeeze (@MilkRoadDaily).