Last Friday, the data for the ETH spot ETF looked pretty good. Investors from BlackRock and Fidelity made five-figure purchases, and aside from Grayscale, there weren’t any other sell-offs from U.S. institutions. However, most investors are still in a wait-and-see mode, not increasing their investments despite ETH’s continuous rise. They’re probably waiting for the situation to become clearer. In the recently concluded Week 90, investors purchased a total of 107,000 ETH. Compared to the 74,000 ETH in Week 96, that’s over a 30% increase in buying power. Similar to BTC, this was mainly driven by the U.S.-Iran ceasefire and lowered expectations for inflation and recession. Bitget VIP—lower fees, bigger perks!