Last Friday, the data for the ETH spot ETF suddenly exploded. When I saw the data, I was taken aback. On Friday, the price of ETH did not perform particularly well; instead, it was Thursday when the price of ETH surged significantly. However, the spot ETF still mainly experienced outflows. I don’t know why especially BlackRock exploded on Friday, with a net inflow of 30,292 units $ETH

I still want to talk about the reasoning I discussed in the car with a few friends today. This reasoning I also mentioned last week. I am a very inexperienced person, and there are many people like me. But when the smartest group of people at the top and the wealthiest group of people at the top are doing something together, we need to consider whether to question or to follow.

This conclusion is neither right nor wrong; the money is our own, and we are all responsible for our own funds. When I found that BlackRock’s investors did not give up on ETH but rather were buying in large quantities, I told myself, "I am just a retail investor." The research and planning done by these smart and wealthy individuals are certainly better than mine, so even if I don’t believe in them, I just won’t do anything against them. This is also why I have been holding onto ETH without making any moves and why I have not encouraged my friends to short, even if they are bearish $BTC .

Of course, my passive approach may not be correct, but when I have already done a lot of research and data is still indecisive, the choices made by large institutions like BlackRock are certainly something I need to reference. Last Friday, BlackRock, Fidelity, and Bitwise all had good reactions. On Monday afternoon, ETH broke through $3,500. I don’t know what will happen next, but it gave me a bit more confidence to hold. Last week, the net inflow of the spot ETF was 24,895 ETH, the largest single-day net inflow since November 13.

At least last Friday, BlackRock’s investors still maintained a FOMO sentiment, and it was not just in ETH; there was even more FOMO in BTC.