Compared to BTC, the data for ETH is quite complicated. You could say that the data for ETH is not good, and indeed it is not very good. Grayscale's ETHE has seen a large amount of selling, and it has been a long time since Grayscale has sold more than 16,000 units. This situation has not been seen for a long time.

However, apart from Grayscale, no other spot ETF institution has sold a single $ETH. This may indicate that investor sentiment has become numb. Since the inception of ETFs, any investor who bought in at any time has been at a loss.

Overall, investor sentiment remains relatively stable for both BTC and ETH.

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