#以太坊现货ETF连续净流入

Ethereum spot ETF funds have been flowing in for 18 consecutive days! Should we add positions or take profits now?

Data Hot List🔥

BlackRock swept 276 million in a single day: On February 4, ETHA's single-day inflow accounted for 89% of the entire market7, and the cumulative amount of funds attracted in the past month was 4.4 billion US dollars, equivalent to consuming 3% of ETH's circulating market value;

Retail investor channel opened: Fidelity FETH had a net inflow of more than 15 million US dollars for 7 consecutive days10, and small and medium-sized funds are accelerating their entry through compliant channels;

Grayscale's "stop bleeding" signal: its mini trust ETF had a single-week inflow of more than 70 million14, and the capital migration wave is coming to an end.

Three key cognitions💡

Institutional pricing power is enhanced: the current ETF holdings of ETH have reached 3.15%7, large buy orders are concentrated in the night market of the Chicago Stock Exchange, and the US market funds directly affect the volatility rhythm of the Asian market;

Staking income game: Although the current ETF has not yet opened the pledge, BlackRock has submitted a revised proposal to the SEC3. If it is passed, it is expected to bring an annualized gain of 4.8%, which is beneficial in the medium term;

Cyclic law verification: Historical data shows that when the weekly net inflow of the ETF exceeds 500 million, the average increase of ETH in the next 30 days is 27%8.

Operation strategy🚦

Short-term: Pay attention to the turning point of the decline of capital inflow (current daily average of 120 million → if it falls below 50 million, be vigilant);

Mid-term: When the 4-hour MACD golden cross + ETF weekly net inflow is greater than 1 billion, the callback is an opportunity to increase the position;

Long-term: Referring to the experience of Bitcoin ETF, the price center of the net inflow period in the first 6 months moved up by 58%6.

Undercurrents on the chain🌊

In the past three days, whales have withdrawn 230,000 ETH from exchanges, setting a new high for the year (about US$740 million)9. The derivatives funding rate has returned to neutral, and the market is not overheated yet.

(Tip: CPI data will be released on February 13, which may become a catalyst for short-term fluctuations)

What is the proportion of ETH in your current holdings? Will you choose to hold it indirectly through ETFs or buy coins directly?