Objectively speaking, the data for ETH spot ETF in the seventeenth week is still good, mainly because a large number of users bought in during the election FOMO phase. Even Grayscale had a net inflow data during the week for the first time in history (although $ETHE was still primarily sold off), with a net inflow of 3,715 #ETH, which is already considered good data.
Aside from that, BlackRock's investors net increased their holdings by 87,574 ETH, which, while not a historical high, is still very strong recent data. Following that, Fidelity net increased their holdings by 60,050 ETH, and the third place is Grayscale's Mini ETF with a net increase of 23,388 ETH. The other increases are not significant. Objectively speaking, this is already impressive data.
Compared to the sixteenth week, the total increase in holdings by American investors rose by 382%, and net purchasing power increased by 296%. All data indicates that the spot ETF data in the seventeenth week represents the FOMO sentiment of American investors. Unfortunately, this data showed a decline last Friday, so we need to pay more attention to the macroeconomic information from the United States.
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