On the second to last day of 2024, the fund flow situation of the $ETH spot ETF remains sluggish. After four days of net inflow against the trend, it has turned into a net outflow. Among them, BlackRock remains on the sidelines, Fidelity has reduced its holdings by nearly 6,000 ETH, and Franklin Templeton has also reduced its holdings by over 1,100, while the previously frequently sold $ETHE only reduced its holdings by 292 this time.

From the data, institutional investors are still on vacation, and the overall market activity is relatively low, with retail purchasing power also weakening. However, most investors have kept their positions unchanged, indicating an optimistic market expectation for 2025.

Compared to the significant reduction of several hundred million dollars in BTC spot ETFs, the reduction scale in ETH does not seem significant. Considering that there are many market holidays this week, real liquidity recovery may have to wait until next week.

At present, the price of ETH is still relatively stable, and despite the drop in Bitcoin, Ethereum is not falling either. Looking forward to Ethereum's performance in 2025!