No wonder everyone was so excited about the ETH spot ETF data from last Friday. To be honest, just looking at the funds' data doesn't give much of a feeling, but if you look closely at the classified data, you can see that last Friday indeed broke many previous records. First of all, nine American #ETH spot ETF institutions had a net increase of over 100,000 ETH in a single day, which is a new historical record, breaking the data created on November 11 during the elections.
Secondly, without considering the $ETHE sell-off, the net inflow of the spot ETF is the second highest in history, second only to the opening day. Thirdly, the holdings of spot ETFs in the U.S. and Hong Kong exceed 3 million ETH, which is already the highest figure since the opening day and the second time in history that the number of holdings exceeds the total holdings before the opening.
It is precisely for this reason that, after the first day of trading, ETH finally appeared.
The trend of increasing holdings is continuing, with the main contributors being BlackRock, Fidelity, and Grayscale's Mini ETF, among which BlackRock's increase alone is about twice that of the others combined. It is easy to imagine how BlackRock is recommending ETH to its clients.
Of course, this is just last week's data, and whether it can continue this week is still unknown, especially after today's news about Japan raising interest rates, which has some negative impact on the market. It remains to be seen how American investors will choose after the U.S. stock market opens tonight.
Weekly data is sent separately.
Data has been updated, address: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing
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