#以太坊现货ETF连续净流入
Ethereum spot ETF funds have been flowing in for 18 consecutive days! Should I add to my position or take profit now?
Data Hot List 🔥
BlackRock bought 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 eating up 3% of ETH’s circulating market value;
Retail investor channels open: Fidelity FETH has seen net inflows of more than $15 million for seven consecutive days10, and small and medium-sized funds are accelerating their entry through compliant channels;
Grayscale’s “stop bleeding” signal: its mini-trust ETF’s weekly inflow exceeded 70 million14, and the capital migration wave is coming to an end.
Three key insights💡
Institutional pricing power is enhanced: ETFs currently hold 3.15% of ETH7, with large buy orders concentrated in the night trading of the Chicago Stock Exchange. Funds in the US market directly affect the rhythm of fluctuations in the Asian market;
Pledge income game: Although the current ETF has not yet opened the pledge, BlackRock has submitted revised proposal 3 to the SEC. If passed, it is expected to bring an annualized return of 4.8%, which is a medium-term positive;
Verification of cyclical patterns: Historical data shows that when the ETF’s weekly net inflow exceeds 500 million, ETH’s average increase in the following 30 days is 27%8.
Operational Strategy🚦
Short-term: Pay attention to the turning point of capital inflow attenuation (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, a pullback is an opportunity to add positions;
Long term: Referring to the experience of Bitcoin ETF, the price center moved up by 58%6 during the first 6 months of net inflow period.
On-chain undercurrents 🌊
In the past three days, whales have withdrawn 230,000 ETH from exchanges, setting a new high for the year (approximately US$740 million)9. The funding rate for derivatives 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 percentage of your current holdings is ETH? Would you choose to hold indirectly through an ETF or buy coins directly?