Yesterday's data did show that the spot ETF of $ETH was not in a good situation, but the data of $BTC was quite stable. Although the inflow of ETH has increased a bit today, it is still far behind BTC, from one-twentieth to one-tenth.

From the perspective of buying, BlackRock's investors bought the most actively, Grayscale's ETHE and Bitwise were also okay, and Fidelity's inflow was also okay. The best thing about yesterday was that there was no net outflow, and even ETHE was bought.

This shows that the market is still mainly around BTC, and the spillover effect of ETH is not obvious. Moreover, BTC has just hit a new high, rushing to more than $108,000, and the market sentiment looks good.

It's just that ETH has been suppressed as soon as it has started to improve, and it may take time to accumulate energy.