Compared to BTC data, ETH data on Wednesday was slightly better, mainly due to Grayscale investors suddenly showing strong buying interest. However, BlackRock investors remain the main sellers, and other institutions can basically be ignored. In 2025, U.S. investors net purchased over 2.47 million ETH throughout the year, accounting for 40% of the total ETH supply. Just like BTC, most investors are still staying on the sidelines. @bitget VIP, lower fees, bigger perks