The data of $ETH spot ETF is basically a cat one day, a dog the next day. The purchasing power of the day before yesterday was still good, but the data of yesterday was terrible. The day before yesterday, BlackRock was able to increase its net holdings by more than 10,000 ETH, but yesterday BlackRock had zero change. This also reflects the current market sentiment, how bad it is, and once again proves that the data of ETFs is at most a standard for emotional judgment, and cannot determine the rise and fall of prices.
In the past 24 hours, only Fidelity and Franklin Templeton have increased their holdings, which is only 3,380 ETH, which is still a low point in purchasing power. However, as in the past, although the purchasing power is insufficient, there is still little selling. Except for $ETHE, no other institutions have sold, indicating that users are still optimistic about the future market.
After all, except for these three, the other six institutions are zero
