No wonder everyone was so excited about the ETH spot ETF data last Friday. To be honest, just looking at the funding volume data doesn't evoke much feeling, but if you look closely at the categorized data, you can see that last Friday indeed broke many previous records. First of all, the nine US #ETH spot ETF institutions had a net increase of more than 100,000 ETH in a single day, setting a new historical record, breaking the data created on November 11 during the elections.
Secondly, not counting the $ETHE sell-off, the net inflow of the spot ETF is the second highest in history, second only to the opening day. Thirdly, the spot ETFs held in the US and Hong Kong have exceeded 3 million ETH, which is the highest data since the opening day and the second time in history that the number of holdings exceeds the total holdings before the opening.
It is precisely because of this that after the first day of trading, ETH finally emerged.
The trend of increasing holdings is becoming more pronounced, with the main contributors being BlackRock, Fidelity, and Grayscale's Mini ETF. Among them, BlackRock's increase alone is roughly equivalent to the sum of the others, which shows how BlackRock is recommending ETH to its clients.
Of course, this is just last week's data; whether it can continue to be maintained this week is still unknown, especially after today's news about Japan raising interest rates, which has some negative impact on the market. So we will have to see how American investors choose after the US stock market opens tonight.
Weekly data released separately.
Data has been updated, address: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing
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