Institutions Corner 11% of ETH Supply as Exchange Balances Hit Record Lows

Ethereum has seen corporate treasuries and U.S. spot ETFs hold 10.72% of supply as exchange reserves have dropped to 10.5%. BlackRock has filed for a staking-enabled trust, while Ethereum has secured $12.5B in tokenized RWAs and settles $1.6T monthly stablecoins. NFT sales have fallen 87% since 2021
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Ethereum Is Emerging as a Global Public Good – and That Changes How It Should Be Valued, Says William Mougayar

Ethereum has been described by William Mougayar as a public good akin to the Internet. His framework values captured fees, wide flow value across apps and markets, and trust surplus from lower verification costs and counterparty risk, as dependency on the settlement layer grows over years, globally.
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