🌐 BlackRock Ethereum ETF breaks through the $1 billion mark, is it institutional manipulation or market trend?
🎉 Since BlackRock's Ethereum spot ETF (ETHA) became the first ETF, it has reached a net inflow of $1 billion. This shows that despite market fluctuations, funds are still flowing into BlackRock's Ethereum ETF.
📉 However, if we look at the overall performance of all Ethereum spot ETFs, there has actually been an outflow of $440 million since trading began. This number is quite surprising. This may also be one of the reasons why Ethereum prices still appear somewhat weak after a sharp correction.
🧐 So, how much human manipulation is behind this? Some people believe that this may be related to the control of large institutions. Because these institutions may be taking advantage of the market downturn, spreading negative news crazily, and hoarding more Ethereum when prices are low, preparing for the next round of price increases.
📈 Judging from the current data, the only holdings that can be comparable to BlackRock's Ethereum spot ETF are Grayscale's Ethereum spot ETF mini and Grayscale's native Ethereum spot ETF (ETHE). I believe that over time, BlackRock's Ethereum spot ETF's holdings will be like Bitcoin spot ETF, and are expected to exceed Grayscale by the end of this year.
🔍 This trend is very worthy of attention, because it not only relates to the future direction of the Ethereum market, but may also provide some clues for our investment decisions. If BlackRock can really surpass Grayscale by the end of the year, it will be a strong signal that the market's confidence in Ethereum is increasing.
👌 So, let's continue to pay close attention to this market dynamics and see if BlackRock can achieve this feat. At the same time, as investors, we must also have our own independent thinking, not blindly follow the short-term fluctuations of the market, but should have a long-term perspective.
🔮 So, what do you think of this phenomenon? Is it the result of institutional control or the embodiment of market trends? Can BlackRock surpass Grayscale and become the leader in Ethereum ETF again by the end of the year? Let’s wait and see, and share your views in the comments section!
