#数字资产市场动态 Ethereum spot ETF saw a net inflow of $175.1 million yesterday, reflecting the collective action of institutional players putting real money on the line. According to data monitoring, BlackRock led the charge with $81.6 million, followed closely by Grayscale’s mini ETH product with $43.5 million. Major institutions like Bitwise and Fidelity also contributed $8 million and $5.9 million respectively. Coupled with VanEck and other Grayscale product lines’ ongoing deployment, it’s clear that this isn’t an isolated move by a single institution but a resonant wave across the entire institutional circle.

The recent market movements of ETH have been quite testing — slipping from 3400 to 3300 and repeatedly testing lows, with obvious volatility. But it’s precisely at this critical juncture that large-scale net inflows from institutions act like a strong boost to the market. A detail worth noting: the gameplay of ETF funds and retail funds is completely different. When institutions invest this money, it’s usually not to chase short-term gains but for long-term strategic allocation. They are looking at the logic over the next few months or even longer cycles, so when such significant capital continues to flow in, it’s essentially a demonstration of their medium- to long-term outlook on Ethereum.

The current question is whether this wave of institutional inflows can become a true support point. Can it help ETH stabilize above the 3300 range and push towards previous highs? The next few trading days should reveal the answer. If institutions continue to add positions and combined with market technical reactions, ETH indeed has a chance. Conversely, this might just be a short-term rebound support.