ETH staking yield versus the risk-free rate
The spread finally turned positive again, and flows follow the spread.
Free 5 min read
ETHCOIN
The spread finally turned positive again, and flows follow the spread.
Spot flows now set the marginal price. Funding matters less than it did.
ETF inflows are the marginal buyer now, and on-chain supply is tightening into it.
ETF inflows are the marginal buyer now, and on-chain supply is tightening into it.