X @Cathie Wood

Supply Dynamics - Ethereum (ETH) net issuance since The Merge (1,030 days ago) is approximately 373,000 ETH [1] - ETH ETFs absorbed roughly 380,000 ETH in just 9 days [1] - ETF demand has consumed approximately 3 years of new ETH supply in under two weeks [1] Market Outlook - The analysis suggests a potential supply shock for both Bitcoin (BTC) and Ethereum (ETH) [1] Pricing Theory - The price of any good is determined at the margin, demand relative to supply [1]