SGOV just crossed $5M in TVL without a token-specific catalyst. TVL jumped from $2.1M to $5.12M, while holders went from under 1K to ~7.5K in the same window. With PPI and CPI ahead, the move looks less like a speculative trade and more like capital moving into a cash-like onchain asset while traders wait for the macro prints. Data from GoldRush(Covalent)