According to BlockBeats, recent data from Farside Investors indicates that BlackRock's IBIT experienced a net inflow of $643.2 million yesterday. In contrast, ETHA saw a net outflow of $30.3 million. These movements highlight the shifting dynamics in the investment landscape.
Ethereum ETF is consistently facing the outflows and it's bleeding since weeks. BTC ETF is accumulating on the other hand. It is clear that investors and long term holders are shying away from ETH.
Downward spiral trend of the $ETH suggests that it is likely to hit $800 soon.
Investors should stay away from ETH for long term holding and rather stick to BTC for long term gains.