📈 BlackRock’s iShares ETH ETF now holds over 2 million ETH, per @NateGeraci

That’s 1.65% of total ETH supply (~121M) 🔥

💡 Implications:
1️⃣ ETH is being steadily absorbed by institutions
2️⃣ Spot ETF = supply sink, just like BTC
3️⃣ ETH entering its institutional phase?

📉 Retail is selling
📥 ETFs are stacking
🧠 Still think ETH is expensive?

#EthereumETF #iShares