The funding data for Ethereum is significantly stronger than Bitcoin:
The spot ETF has seen a net inflow for three consecutive days, accumulating 3.57 million ETH in the 3500–4000 range below, which is also a position for many institutions.
MicroStrategy and ETF investors have currently only purchased 4.9% of Ethereum, far below the 10% phased target. Whether it can continue to break through depends on whether the buying from new institutions on Wall Street can withstand the profit-taking from large holders and continue to provide buying support.
Last week, BMNR and SBET bought 190,500 and 56,500 ETH, respectively. Currently, BMNR holds 1.71 million ETH with an average cost of 3,821 USD. SBET holds 795,900 ETH with an average cost of 3,548 USD.
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