Just got home, sorry for the late update on today's ETF data. We have been complaining about the low purchasing power of institutions for ETH over the past few trading days. Besides BlackRock, which has relatively high purchasing power, other institutions have very low buying volumes. It was still the case in the last trading day, but #ETH friends no longer have to envy BlackRock investors who consistently buy high in #BTC, as BlackRock had a net inflow of 19,691 ETH yesterday.
This number is the purchasing power data that has not appeared since the third week after the spot ETF was approved. Just yesterday, there were complaints that BlackRock's financial managers only recommended BTC to users, but it seems they will also recommend ETH.
However, apart from BlackRock, the purchasing power of other institutions is almost zero, and Grayscale's sell-off still shows no significant decline. In the four days of this week, Grayscale's sell-off is about the same as last week's five days, relatively speaking, ETH's treatment is still much worse than BTC.
However, the slightly better news is that today, although BlackRock still has strong buying in BTC, there were several instances of larger sell-offs from institutions, whereas there were none for ETH.
Data has been updated, address: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing
This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX
