I guess as soon as today's data is released, some friends will question why it is different from XXX's data. You see, they all have net inflows, and it is also the first net inflow of#ETHspot ETF except the first day. Why is it still a net outflow here?
Every time I see this kind of thing, I get a headache. This is not the first time. It happened many times when#BTCwas in the market. It's just that everyone is numb to BTC spot ETF and doesn't pay attention to it all the time, so the problem is not big, but ETH is in the hot period now, so the attention will be higher.
Let me say it again, most of my data is directly obtained from the official website of each spot ETF. The official website publishes the ETH-based data, but almost all other data trackers use the capital flow of the Bloomberg terminal. The official data only includes the data that has been traded during the opening period, while the capital side includes the data that has not been traded before and after the market.
So this means that from the official website data, there will actually be a gap, and this gap will not continue to expand. It will basically be eliminated on the second trading day, but it is not ruled out that there will be a new gap on the second day. So whether to look at the capital side or the official website data depends on your own judgment. Both are correct and are correct data.
Back to the data itself, we said yesterday that purchasing power has declined. Today, this situation still occurs, but because of BlackRock's large-scale purchases, the decline in purchasing power of other institutions has been hidden. In fact, it is the same with BTC. If it were not for BlackRock's users showing super strong purchasing power, BTC's data would not look good. Except for BlackRock, other companies have experienced varying degrees of decline in purchasing power.
Another thing to note is that in yesterday's trading, the selling of $ETHE dropped significantly. I don't know if this indicates that the large-scale selling of ETHE has ended. Currently, the selling of ETHE has accounted for about 22% of the total.
