According to Kyle Reidhead, co-founder of Milk Road, 10 Ethereum funding companies have purchased more than 550,000 ETH in the past 30 days, with a total value of about $1.65 billion, and the pace of purchases is accelerating.
SharpLink Gaming has bought more than 75,000 ETH (~ $225 million) in the last 5 days. New ETH funding companies are being formed every week, and purchases are expected to continue to expand in the coming months.
Unlike ETFs, Reidhead notes, these fund houses are currently buying rather than selling and are transferring their ETH purchases (0.5 per cent of liquidity) into Ethereum DeFi smart contracts for staking or lending. This trend could lead to a tightening of ETH supply in the coming months, with significant implications for the market.
10 fund companies bought 550,000 ETH worth $1.65 billion in 30 days
2025-07-15 04:37:37
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