Bitwise: Since mid May, ETP and listed companies have bought 2.83 million ETH, which is 32 times the new issuance volume of the Ethereum network

According to BlockBeats, on July 24th, Bitwise tweeted that since mid May, ETPs (exchange traded products) and listed companies have purchased a total of 2.83 million ETH, while the Ethereum network has only issued 89000 new ETH. This means that demand is 32 times greater than supply, which is precisely why ETH prices have skyrocketed