Indeed, the data for $ETH is quite good. Not only did $ETH see a slight increase while $BTC was down yesterday, but in the past two days, the purchasing power of ETH has been converging towards Bitcoin. Just now, the price of ETH even temporarily broke through $3,200, while BTC experienced slight fluctuations along with the U.S. stock market.

However, yesterday's data showed that only BlackRock was dominant. In addition, while Fidelity and VanEck also had net inflows, the data was not impressive. Other institutions can be disregarded. Overall, BlackRock's investors have been buying BTC and ETH significantly, while other institutions are more in a wait-and-see mode.

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

This article is sponsored by #Bitget ｜ @Bitget_zh

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