Compared to BTC's outflow, ETH was pretty restrained on Thursday, which might be related to the fact that all the institutions are losing money on ETH. In the past 24 hours, U.S. ETH spot ETF institutions collectively sold 11,685 ETH. This number is already quite low, so the ETF sell-off isn’t the reason for ETH’s price drop—this amount doesn’t even make a splash. BlackRock and Fidelity were the main sellers, but even they only sold in four-digit amounts, which is much less than Wednesday’s sell-off. It seems like BTC and ETH prices have already hit rock bottom, and investors aren’t very interested in selling anymore. @bitget VIP, lower fees, bigger perks