ETF investment funds have been quietly accumulating net ETH for over 2 weeks.
Specifically
In the last 15 sessions, all Ethereum ETFs in the US recorded positive inflows, with a total net purchase value of up to $840M. These are not small retail purchases from market makers - this is money flowing from institutions.
💭 BlackRock's ETF alone accounts for the majority of the inflow. The story is not just about "confidence in ETH", but a long-term investment perspective that is forming.
🚨 Why are institutions pouring money in?
➕ Ethereum has just completed the Pectra upgrade, preparing for the performance optimization phase.
➕ The SEC has quietly paved the way for staking by not considering ETH as a security.
➕ There are high hopes that ETH ETFs will soon enable staking → unlocking yields.
🔥 Meanwhile, Bitcoin ETFs have recorded outflows in several recent sessions. Clearly, a pivot is occurring as institutional investors believe the ROI of BTC may no longer be high in the short term.
🔝 Ethereum has attracted significant capital since rumors about the approval of staking ETH ETFs surfaced. And the price increase cycle when smart money enters is often not just 10-20%.
$BTC $ETH
In another development, China confiscated #Btc #eth from exchanges in Hong Kong and sold it for Renminbi.
In my personal opinion, #Btc #Eth will sideway for about a year, while the overall trend remains upward.