
Phyrex|May 12, 2025 19:23
The data for the ETH spot ETF on Friday was also good, which is similar to BTC. It was not very good on Thursday, but there was a reversal on Friday, mainly because the rise on Friday was better. BlackRock first bought on Friday last week, although not much. Secondly, there was some buying in the gray Mini ETF, but nothing else.
In terms of the situation of ETH, it is also very similar to BTC. Although the purchasing power on Friday was good, it is still very poor based on one week's data. In the 41st week, ETH had a net outflow of nearly 23000 ETH, while in the 40th week, it had a net inflow of about 64000 ETH. At least ETF investors did not believe that this rise in ETH would be a fundamental change.
So even though the price has almost doubled, there are still not many overall investors, and the same is true for BTC.
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