Another $62MM inflows into ETFs yesterday. Wall Street is in a competition for who can get the most ETH. Many of them realize they can obtain a yield from staking and are already doing so today...
...or will be doing so tomorrow.
NEW: SharpLink now holds ~205,634 ETH
Between June 28 and July 4, SharpLink acquired ~7,689 ETH for ~$19.2M at an average price of ~$2,501 per ETH
During that same period, the company raised an additional ~$64.2M through its ATM facility, selling ~5.4M shares
SharpLink has committed 100% of its ETH holdings to staking and restaking, earning ~100 ETH in rewards last week and ~322 ETH in total since June 2nd
ETH-per-share (“ETH Concentration”) is up ~18.8% since June 13
The asset is $ETH, the ticker is $SBET
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