On Friday, not only was the data for $BTC good, but the data for $ETH was also impressive. Although it didn't have as much net inflow as Bitcoin, it still reached over 70% of BTC's inflow, which is quite good for ETH at this time, especially considering that ETH's data has not looked great for two consecutive weeks. The increase in capital alongside BTC is likely part of the speculation around a rate cut in September.

In other words, the speculation about a rate cut in September has at least stirred investor sentiment in the spot ETF market, especially as American investors have started to get involved. In the 59th week, the net purchasing power of ETH among American investors has exceeded 110,000 ETH, while in the 58th week, the data showed a net outflow of over 140,000 ETH.

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