$ETH Final Outflow, Can Net Inflow Turn the Tide!
Attention all market watchers! The Ethereum spot ETF has finally ended its eight-week bleeding streak, raking in $157 million last week, which has directly pulled market sentiment from ICU back to KTV.
The most impressive is Fidelity's FETH, which attracted $68.59 million in a single week, and its total historical inflow is nearly catching up to two small targets.
BlackRock's ETHA also did not fall behind, with a weekly inflow of $64.18 million, firmly sitting in second place. In contrast, Grayscale's ETHE continues to bleed, with a weekly outflow of $32.02 million; this old institution has been a bit off lately.
Now the total ETF assets have expanded to $6.14 billion, which is equivalent to 2.83% of Ethereum's total market value.
Looking closely at this data, Grayscale's cumulative net outflow is nearing $4.3 billion, while BlackRock alone is shouldering the flag of $4.1 billion net inflow. The covert battle between institutions is even more exciting than the price fluctuations.
Focus on this duo of Fidelity and BlackRock; their holding trends are the market's weather vane. Now that the ETF net asset ratio has surpassed 2.8%, it indicates that institutional funds are accelerating their entry for bottom fishing.
But don't let short-term data cloud your judgment; if Grayscale continues to sell off, it might trigger a domino effect.
It is recommended to pay attention to the key support at $1,750. If this level holds, the inflow of ETF funds could trigger a new round of short squeeze.
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