The detailed list of institutional buying and selling for the $ETH spot ETF in the fourth quarter of 2025 has been added. The data is indeed not very good, with Goldman and Millennium ranking first and second being the main sellers, while SIG, ranked third, actually increased their holdings. Additionally, Morgan Stanley and Citadel are also seeing net inflows.

It is worth noting that the newly added Harvard University endowment fund in the fourth quarter also made nearly 30,000 purchases, making it the largest new buyer in the fourth quarter, and the data also shows that hedge funds and trading desks are selling off frantically.

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