On Friday, the data for ETH spot ETFs was poor, but the data for BTC was even worse. It's unclear whether this was influenced by Trump's election votes or non-farm payroll data, but both ETH and BTC experienced significant sell-offs on Friday. The difference is that the sell-off for #ETH was primarily in $ETHE, while the sell-off for #BTC was more complex.

Last Friday, Grayscale's ETHE sold off 14,673 ETH, which is almost the total amount sold in the previous week. Currently, ETHE holds 1,576,248 ETH, and at this rate of sell-off, it is estimated that it will take until the end of the year to reach a balance similar to GBTC.

However, even though the sell-off of ETHE is strong and other institutions have not increased their holdings, there has also been no selling from other institutions, which is slightly better than BTC. This indicates that ETH investors are at least not overly bearish on the price trend.

Weekly data will be released separately.

Data has been updated, address: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing

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