This is already the second consecutive day that the data for the $ETH spot ETF is better than that of $BTC during the same period.

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Phyrex
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3 days ago

This is already the second consecutive day that the $ETH spot ETF data is better than the $BTC data for the same period, which is indeed rare; it is usually the other way around. Now, BlackRock's investors are selling BTC while buying ETH, and it's not just BlackRock's investors; Fidelity is the same. Today, both BlackRock and Fidelity have seen net inflows exceeding five figures.

Although the amount of ETH bought is not particularly large, it is indeed quite good, especially when most investors are selling BTC. ETH not only has this level of buying volume, but aside from Grayscale's three-digit sell-off, there have been no other significant sell-offs, which is also a rare occurrence.

Recently, ETH has been quite strong, but there is still a gap between $2,656 and $3,237 on the CME that has not been filled. Whether it can reverse after this gap is filled remains to be seen.

This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX

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