It's very interesting to look at the recent data on ETH. Although the ETH spot ETF had another day of net outflow today, the key point is that this is the third time this week that BlackRock has increased its holdings of #ETH, and in these three days, BlackRock was the only one to increase its holdings except for Grayscale's Mini ETF.
The reason why I am so surprised is that compared with #BTC, although BTC's general holdings are good, and there have been net inflows in recent days, BlackRock has only increased its holdings of#BTConce in the past 17 working days.
Of course, I am not saying that BlackRock's investors are more optimistic about ETH than BTC, and even if BlackRock increased its holdings of ETH, the total amount in three working days was only 6,060 ETH, which is not a large number, and except for BlackRock and Grayscale, the others are still zero.
But I still think that the investment advisor's advice to BlackRock's investors when they continued to buy at this point in time is that investors really feel that the current range is low.
The data has been updated, address: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing
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