Strong! I can only describe it with this one word. On Monday, the net purchasing power of the $ETH spot ETF reached a historical high, exceeding a single-day purchase volume of 1 billion USD from a funding perspective. This figure is more than 5.7 times that of the $BTC spot ETF. On Monday alone, BlackRock purchased nearly 150,000 ETH, while Fidelity and Grayscale's purchases exceeded five digits, with Fidelity acquiring over 60,000 ETH.

We have discussed this topic too many times. Currently, the rise of ETH is entirely driven by ETFs and crypto stocks, especially as the primary and secondary markets of ETFs dominate, which has boosted the purchasing power of cryptocurrency exchanges. After all, for many investors, it’s all about chasing the rise and cutting losses; they prefer to buy when prices are going up.

This article is sponsored by #Bitget ｜ @Bitget_zh

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。