😂 I see many friends saying that the recent price of $ETH has been driven up by stock purchases. Let me share some numbers.

1,393,136 ETH, or 1.393 million ETH, was purchased by BlackRock's investors from July 16 to August 15, averaging 44,939.87 ETH bought per day. This is one of the main forces behind the current ETH purchases.

Meanwhile, $ETHA has a daily trading volume of around 150,000 ETH, which is more than double the ETHUSD trading volume on Coinbase.

Indeed, the buying volume from stock purchases is also considerable, but compared to BlackRock, it still falls short, similar to how $IBIT's purchases of $BTC exceed those of $MSTR.

This article is sponsored by #Bitget ｜ @Bitget_zh

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