The performance of Ethereum spot ETF is very poor, it should be the worst data ever..

The data for the ETH spot ETF on Monday was poor, probably the worst ever. This is not to say that the selling was the largest, but from a sentiment perspective, a total of three institutions reduced their holdings. In addition to Grayscale’s ETHE, Fidelity and Franklin Templeton also sold at the same time, especially these two. This is the first time for them to reduce their holdings, and Fidelity is still the third largest holding institution.

Except for VanEck, which has 732 ETH, there is nothing to increase its holdings. Including BlackRock, five American institutions have zero holdings. Therefore, the ETH spot ETF had a net outflow again on Monday, with an outflow of 4,581 ETH.

Bitcoin and Ethereum ETF Funding Data Comparison

In fact, the data of BTC is not very good. From the perspective of capital data, there has also been a big sell-off. However, BTC has BlackRock. BlackRock has increased its holdings of BTC in recent working days. This is something that ETH does not have. Yes, this is also the fourth consecutive working day that BlackRock has zero ETH holdings.

ETH ETF investment sentiment wanes

Such data is disappointing to many readers who like or hold ETH, but this is the fact. Of course, the net inflow and net outflow of ETFs do not necessarily represent the price trend, but they reflect the sentiment of American investors. Now it can It is obvious that American investors' investment sentiment towards ETH has diminished.

To be honest, when I saw the ETH spot ETF data, I also sighed. Compared with BTC’s data in the past week, ETH’s data is indeed much worse. BlackRock has been trading in BTC for three consecutive days. There was a large buying, while BlackRock investors had zero change in ETH for three consecutive days, BTC had a net inflow for four consecutive days during the week, ETH had a net outflow for three consecutive days, and four days during the week.

I can also understand investors' dissatisfaction with ETH. In fact, I am not dissatisfied myself. I am also wavering whether my choice is wrong, but I have not adjusted my position to this day, and I have no intention of stopping my fixed investment in ETH. , because I just want to see if ETH can get out of a market similar to BTC after passing the spot ETF. After all, there are more external funds. At least I think that even if I underperform the interest rate, I will not lose money. At most Just make less.

Back to the data, Friday's data is still not ideal. Although the sell-off of ETHE has been decreasing, the purchasing power of ETH is too low. There is no greater support except BlackRock. Although Fidelity, Bitwsie and VanEck There were net inflows, but the total amount was only 1,124 ETH, which was not even as large as the accumulation of Grayscale Mini ETF.

Data link: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing