When looking at the fund data, it shows that BTC has already turned net inflow, but ETH is still net outflow. However, based on the data I’ve gathered from various official websites, ETH has also turned net inflow. Similar to BTC, the main driving force behind the inflows is Grayscale. Grayscale investors have started bottom-fishing, while BlackRock investors remain the main force selling ETH. Even though BTC has started to see buying activity, there’s still no sign of buying for ETH. Other institutions can basically be ignored, but there’s indeed no sign of selling either. Of course, just like Bitcoin, one day’s data is hard to represent a shift in traditional investors’ sentiment. Plus, with today’s continued testing of new lows, it’s likely that investor sentiment isn’t great. Bitget VIP, lower fees, crazier perks.