The big possibility is really coming! Ethereum ETF is recovering!
You should know that Grayscale's Ethereum spot ETF had a net outflow of 480 million US dollars on the first day, and there are still a lot of stocks coming.
After the Ethereum ETF was passed last week, the net inflow exceeded 1 billion US dollars in a week, while Grayscale's Ethereum ETF outflowed 1.5 billion US dollars, accounting for 50% of the total trading volume, half of which was absorbed by BlackRock. This start is very similar to the Bitcoin ETF, but you know the trend of Bitcoin afterwards
Grayscale sold nearly 1 million ETH in two weeks. From the market point of view, the market's digestion capacity is still very strong!
And most of the sold ETH will flow back into the market in another way in the near future!
Compared with the eye-catching ETH data, BTC's data is slightly worse, especially BlackRock's large purchases on ETH, but on BTC, it shows a lack of purchasing power, which also led to the BTC spot ETF ending the four-day net inflow in the US and global statistics, and turning into a net outflow.
