Since the launch of the spot ETF, Ethereum has continued to fall and entered a weak position. The exchange rate of ETH/BTC fell below the neckline and hit a new low. Then let's take a look at the inflow and outflow of Ethereum's spot ETF.
Since the launch, the outflow of ETH from the entire ETF is 144,300, worth about 454 million US dollars.
Grayscale has an outflow of 800,000, and there are 1.8 million worth about 4.5 billion US dollars. It is the largest outflow institution, and the outflow rate has slowed down.
BlackRock is the largest continuous buying institution, and has continuously purchased 327,600 Ethereum since its launch.
Bitwise bought 94,600, and fidelity bought 125,700.
From the scale of ETFs, the total asset management scale of Ethereum is 7.043 billion yuan, far lower than the scale of BTC's 47.9 billion. From the perspective of net inflows: Bitcoin's net inflow of funds is 17.85 billion, while Ethereum has a net outflow of 484 million US dollars.
So from this point, it can be seen that fund institutions prefer BTC.
