As expected yesterday, after the rapid rebound in the price of $ETH, the purchasing power of the ETF shifted from net outflow to net inflow. Although the amount of inflow is still not significant, it is already much better compared to $BTC, which still has a net outflow of tens of millions of dollars, while ETH has seen a net inflow of tens of millions of dollars. This aligns with what I have been emphasizing recently.

To reiterate, the rise in Bitcoin is not due to a significant increase in purchasing power, but rather because the number of selling investors is decreasing. The rise in ETH, on the other hand, is driven by both the spot and ETF primary and secondary markets, especially with $ETHA showing very high trading volume, indicating that ETH is driven by real purchasing power.

This article is sponsored by #Bitget ｜ @Bitget_zh

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