In fact, many new friends don’t quite understand why I always look at ETF data and why I always analyze ETF data. It’s very simple. I want to observe the changes in the entire market from a macro perspective, so as to adjust the ideas of later trading. It’s impossible that all the institutions are running away, and you are still stupidly buying coolly. A little fake action will deceive you. Next, I will continue to talk about the current situation:
The ETF data of $ETH was not very good two days ago. I was still worried whether the confidence of American investors in ETH has weakened. However, the data rebounded yesterday. Holding ETH is like riding a roller coaster. I worry when the data is not good, and I worry when the data is too good.
In these fluctuations, BlackRock’s performance has been very stable. Even when the data is not good, their investors are still buying. Yesterday, BlackRock’s investors bought another 34,227 ETH, and the total holdings exceeded 1 million, which is the difference from Grayscale. The amount of one Fidelity.
In addition to BlackRock, Fidelity is also continuing to increase its holdings of ETH.
Grayscale's Mini ETF is also being bought, but Grayscale's other product ETHE has turned into outflow after inflow on Monday, but the outflow is only 99, not much. The movements of other institutions can be ignored.
In general, the net inflow direction of Ethereum has not changed, and it is still getting stronger. Everyone can continue to rush in with confidence. By the way, I personally feel that there will be a node for Ethereum to explode. That is, when BlackRock's holdings exceed Grayscale, ETH will explode completely. It is predicted that there will be 2-3 months!