It has been regrettable for two days now, so it should be normal to feel regret for another day. Fidelity's investors have significantly reduced their holdings for the third consecutive working day, exiting over 20,000 #ETH, and in just one week, Fidelity has exited 83,813 ETH, accounting for 17.5% of Fidelity's total holdings. In just three days, this outflow matches Fidelity's net inflow for half of December, and it represents 2.34% of the total for nine U.S. spot ETFs, with no signs of stopping at the moment.
The data for ETH does not look good, and #BTC looks even worse. Currently, the data for BTC is not complete and will only be released tomorrow, but from a funding perspective, although Fidelity did not reduce its BTC holdings on the 10th, BlackRock users have seen significant outflows of BTC for two consecutive working days.
However, aside from Fidelity, the outflow data for ETH is not substantial; Grayscale has shown a decreasing trend, and Bitwise has reduced its holdings by less than 1,000 ETH, with no other changes in ETF institutions, including BlackRock. If we look at it this way, ETH investors seem to be calmer than BTC investors. Of course, BTC investors have made more profits, so it cannot be ruled out that they are exiting to take profits.
In the data for the twenty-fifth week, the outflow of U.S. ETH spot ETFs has further increased, with 61,715 ETH flowing out in just four working days, a 424% increase compared to the twenty-fourth week, indicating the sentiment of users. Currently, all U.S. ETF institutions hold a total of 3,579,191.25 ETH, an increase of 518,427.12 ETH since the opening day.
Among them, Grayscale's two funds hold a total of 1,872,946 ETH, followed by BlackRock with 1,114,302 ETH and Fidelity with 395,437 ETH. Fidelity's holdings have now fallen below 400,000 ETH.
Of course, this does not mean that #Ethereum is necessarily failing; after all, ETFs reflect more of the investors' sentiment. If investor sentiment improves, there is still room for an increase in ETH purchase data. After all, from the data, most investors remain optimistic about the future trends of BTC and ETH.
The data has been updated, address: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing
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