Does this herald the quiet arrival of the altcoin season? This week, the US Ethereum (ETH) spot exchange-traded fund (ETF) experienced significant net inflows of capital, totaling as much as $466.5 million, equivalent to a net increase of 132,772.03 ETH. Lin Chen, the Asia Pacific Business Director of Deribit, mentioned in a recent update that the ETH ETF performed strongly this week, attracting a large influx of capital, with weekly net inflows reaching $466.5 million, which corresponds to a net increase of 132,772.03 Ethereum. Notably, on Friday alone, BlackRock managed a net inflow of 69,913.08 ETH. Meanwhile, the Grayscale Ethereum Trust (ETHE) maintained a stable position on Wednesday and Friday, with no changes occurring. Lin Chen further pointed out that the current price of Ethereum has surpassed the $3600 mark, and the ETH/BTC exchange rate has also risen to 0.0382, a trend that undoubtedly underscores the market's growing confidence in Ethereum.
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