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![Delztheplug Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1077606722699755521.png) Delz [@Delztheplug](/creator/twitter/Delztheplug) on x XXX followers
Created: 2025-07-24 14:41:45 UTC

@RyanSAdams This isn't a flippening of demand, but a structural bleed from Grayscale's XXX% fee on GBTC. BlackRock's IBIT is still seeing massive inflows. 

If you normalize for the GBTC effect, is there any real evidence that new institutional demand for ETH is greater than for BTC?


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[Post Link](https://x.com/Delztheplug/status/1948393168321352189)