On Friday, the spot ETF data for ETH experienced explosive growth, doubling the purchasing power compared to Thursday.
Analysis of today's $ETH price trends reveals signs of increased holdings from both retail investors and large whales, with ETF investors becoming increasingly active; however, we still need to pay attention to price changes.
In terms of institutional holdings, BlackRock's investors increased their holdings by nearly 53,000 ETH over Thursday and Friday, with more than 30,000 ETH added on Friday alone; Fidelity increased nearly 20,000 ETH; Grayscale's two funds combined added over 10,000 ETH. Additionally, over Thursday and Friday, all U.S. spot ETFs, except for Franklin Templeton, saw increases, with at least 1,000 ETH added. The purchasing power in week 39 significantly improved compared to week 38, possibly related to BTC, and may indicate an impending unknown market trend.
Analysis of today's $ETH price trends reveals signs of increased holdings from both retail investors and large whales, with ETF investors becoming increasingly active; however, we still need to pay attention to price changes.
In terms of institutional holdings, BlackRock's investors increased their holdings by nearly 53,000 ETH over Thursday and Friday, with more than 30,000 ETH added on Friday alone; Fidelity increased nearly 20,000 ETH; Grayscale's two funds combined added over 10,000 ETH. Additionally, over Thursday and Friday, all U.S. spot ETFs, except for Franklin Templeton, saw increases, with at least 1,000 ETH added. The purchasing power in week 39 significantly improved compared to week 38, possibly related to BTC, and may indicate an impending unknown market trend.
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