Last Friday, the popularity of $ETH seemed to have declined, although money is still flowing in, but the number of buyers has decreased significantly. In contrast, $BTC is still quite popular. Previously, the attraction of ETH to BTC could reach 40% to 50%, but last Friday it was only 5%. This may be because everyone is waiting for MSTR to join the Nasdaq 100, so BTC trading is particularly active, especially on Fridays when capital flow is low. Let's observe for another couple of days; if there is still no improvement, we may really have to wait until after Christmas for the market to change.
Last Friday, BlackRock and Fidelity bought less, but many people bought the Grayscale Mini ETF, and ETHE may be running out of time. At this rate, in another three to four months, the selling of ETHE may be similar to GBTC.
From the weekly data, the situation in week 21 is similar to week 20, both are very optimistic. I hope this week can also maintain that. Currently, the nine ETFs in the United States hold a total of 3.53 million ETH, BlackRock is about to reach 1 million, and Fidelity's holdings are also close to Grayscale's Mini ETF, while ETHE still holds 1.45 million ETH.