I was quite looking forward to the ETH spot ETF data from yesterday. The reason was already written yesterday. If we can continue to maintain such a large scale of buying today, it should mean that brokers are giving users a strong push. However, the actual results were not that exaggerated. Compared to the weekend, both #BTC and #ETH faced a pullback on Monday, and it is normal for investor sentiment to turn cold, especially since the $MSTR that can attract attention has already entered a stage of aesthetic fatigue.
Although the purchasing power of the ETH spot ETF did not explode like it did on Friday, it still maintained a net inflow, with over 20,000 units flowing in, which is a good result. It seems that the reasons for the significant inflow on Friday need to be reconsidered. However, in the past 24 hours, BlackRock, Fidelity, and Grayscale's Mini ETF have been the largest net inflow providers, which is the same as on Friday.
In terms of selling, apart from a small amount of regular selling of #ETHE, Invesco sold 2,000 ETH on Monday. This is the second time in history that Invesco has sold. The first time was on November 26, and Invesco is relatively low-profile in the ETF space, having had a weak presence since day one, with almost zero activity every day.
Overall, ETH has not entered a real explosive period. Investors are still relatively rational in viewing the development of ETH. From the perspective of the net inflow that ETH has already achieved, I still believe that more investors are optimistic about ETH's potential, so the choice to sell has become increasingly rare.
Data has been updated. Address: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing
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