Compared to the outflow of $BTC, $ETH showed restraint on Thursday, which may be related to the fact that all institutions are losing money on ETH. In the past 24 hours, ETH spot ETF institutions across the United States have sold a total of 11,685 ETH, which is already considered very low. Therefore, the ETF sell-off is not the reason for the decline in ETH prices; this amount is not even enough to make a splash.

Among them, BlackRock and Fidelity are the main sellers, and their sales are only in the four-digit range, significantly lower than the sales on Wednesday. It is estimated that the prices of BTC and ETH at that time were already at a bottom, and investors' interest in selling has diminished.

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