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Phyrex|Feb 14, 2025 16:08
Although the funding data shows that yesterday's ETH spot ETF data was good, in fact, according to the official website data, there was still a net outflow yesterday, mainly due to a large portion of the ETHE sell-off on Wednesday being calculated until Thursday. On Thursday, both BlackRock and Fidelity actually bought, probably because after the news of 21Shares applying for ETH spot ETF pledge information, some investors believed that the probability of approval was high.
From the current trend, the probability of approval is quite high, as the SEC had already started studying the issue of ETF staking before the 21Shares application. Of course, according to the process, the final deadline for this application is October 30th, and the SEC may not release it in a hurry, or even wait until the new SEC chairman takes office in April.
Grayscale is still the main selling option for ETH at present, especially since most users of Grayscale are early holders who may lack confidence in ETH and choose to sell at this stage.
Data has been updated, address: https://docs. (google.com)/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit? usp=sharing
This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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