The situation with ETH is similar to BTC, the data isn't great. Although BlackRock investors are seeing net inflows in the stakable spot ETFs, Fidelity investors, who prefer to chase highs and sell lows, remain the main sellers. This structure is very similar to Bitcoin. For now, as liquidity hasn't returned, the trend of cryptocurrencies will still have a strong correlation with U.S. stocks. Bitget VIP, lower fees, bigger perks.