Today is a holiday in the United States so the market is not open. In yesterday's spot ETF data, ETH's performance was still good, which is the opposite of the day before yesterday. The day before yesterday, we introduced that except for BlackRock, other ETF institutions were basically selling, and the selling volume was quite large. However, in yesterday's data, BlackRock did not continue to buy, but the other three ETF institutions performed well.
Although Grayscale's $ETHE had a sell-off of more than $6,000, the Mini ETF absorbed most of it, and then Fidelity net increased its holdings by more than 10,000 #ETH, Bitwise also had an inflow of more than 400 ETH, and the rest were zero. From the data, although the price growth of ETH is still relatively slow, the price stability has begun to improve, so the head institutions like BlackRock and Fidelity have a good increase in holdings.
Although the U.S. stock market will resume trading today, it will close early. In addition, it will be the weekend after today, so the main game in the market will be the ten working days starting from next Monday. The market should be relatively stable before December 11th, Beijing time. This will be helpful for ALT (altcoins) including ETH. We can see that some ALTs have begun to increase their trading volume. If the situation is not too bad, it is very likely that they are preparing for the arrival of the altcoin season.
However, it is unlikely that there will be a general increase like in 2021, so the choice of track and project will be more important.
The data has been updated, address: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing
This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX
