Yesterday, when we discussed the ETH spot ETF data, although it wasn't exactly pessimistic, the largest historical exit of BlackRock investors still surprised many. Unexpectedly, just a day later, BlackRock's investors made another significant bet on #ETH. Although the amount wasn't as high as the sell-off on Friday, it was still about 300 ETH less, which can almost be seen as some of BlackRock's investors buying the dip.

Moreover, it wasn't just BlackRock; Fidelity, which stood out on Friday, also increased its buying volume compared to Friday by a double-digit percentage. Even Grayscale, which had the largest sell-off on Friday, saw net inflows in both of its funds. Additionally, in the data from Monday, no institution continued to sell, which likely indicates that investors believe the current ETH price-to-value ratio is quite good. Therefore, buying enthusiasm is very high.

In fact, #Ethereum's performance has been quite good. Even when #BTC experienced a significant pullback yesterday, ETH remained very stable. This afternoon, when altcoins also saw a pullback, ETH stayed stable as well. All signs suggest that the $3,300 ETH level might be a good bottoming position.

In the last trading day, nine U.S. spot ETFs net purchased 44,937 ETH, the highest figure in the last seven working days. It seems there might be a chance for Christmas.

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

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