When I saw the BTC data, I started wondering if ETH's data might be slightly better. The conclusion? Definitely. ETH's data has also turned into a net inflow. Although it's still very low, similar to Bitcoin, a small group of investors believe now is a good time to build positions. However, just like Bitcoin, BlackRock investors are selling, while Fidelity investors, who prefer chasing highs and cutting losses, are buying. Today, Bloomberg data also showed that the average cost for ETH spot ETF investors is around $3,500. So, at the current spot price, almost all investors are at a loss. Most are choosing to hold rather than sell at a loss. As a result, while buying power is weak, the selling pressure isn't coming from spot ETFs. @bitget VIP, lower fees, crazier perks.