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The attracting power of Ethereum spot ETFs is indeed formidable. Yesterday's single-day net inflow reached $175.03 million, with BlackRock's ETHA product accounting for nearly half of the traffic.
There's an interesting story behind these figures—while funds are pouring into ETH, BTC remains highly popular. Is this due to institutional balancing of allocations, or are there signs that ETH is starting to catch up? Historically, similar shifts in capital often signal a change in market sentiment.
BlackRock's continued accumulation indicates that traditional finance is increasingly recognizing the Ethereum ecosystem. However, whether this can translate into actual price increases depends on the market's subsequent absorption capacity. The strength of this inflow's support for ETH may become clear in the next two weeks.