Yesterday, the data for $BTC was good, which also boosted the $ETH spot ETF. However, the amount of funds in ETH is about five times less compared to BTC. Now, it has turned into a situation where Bitcoin has a large amount of funds buying in, while ETH is lagging behind. Of course, no one knows how long this situation can last; we will have to wait and see. At least we can tell that the current market sentiment is still quite positive.

BlackRock and Fidelity are the main players increasing their holdings. Aside from Grayscale's sale of 75 ETH, there hasn't been much else. However, I noticed that the trading volume of $ETHA still hasn't returned to its peak state, and yesterday's trading volume was barely passing. Let's see if ETH can take advantage of the interest rate cuts in September to explode once again.

This article is sponsored by #Bitget ｜ @Bitget_zh

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