BIT Official: ETF Fund Flows Are Dominating Ethereum Price Trends

According to a report by Jinse Finance on May 18, BIT Official released a daily chart analysis stating that Ethereum's recent price performance is increasingly being dominated by ETF fund flows. Over the past year, the 30-day moving average of daily net inflows into ETH ETFs has shown a high correlation with Ethereum's price trends, and Ethereum's sensitivity to institutional funds has significantly increased. One of Ethereum's core narratives is its approximately 2.5% net staking yield. However, in an environment where inflation is accelerating again and the U.S. 10-year Treasury yield has risen above 4.6%, Ethereum's staking yield advantage is weakening compared to risk-free assets like U.S. Treasuries. Since May, Ethereum ETFs have once again experienced fund outflows, aligning with the aforementioned logic. If this trend continues, Ethereum is highly likely to remain in a consolidation phase.