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Recently, there have been some interesting changes in the market that are worth our attention. Although the price of Ethereum (ETH) has experienced a slight pullback, institutional investors do not seem worried; instead, they are quietly increasing their positions.
According to the latest data from SoSoValue, the Ethereum spot ETF has shown a positive capital inflow for 20 consecutive days. In particular, on July 31, the net inflow for that single day reached 16.99 million USD, a truly remarkable figure.
Among all ETFs, the ETHA under BlackRock stands out particularly. In just one day, ETHA attracted $18.17 million in inflows, with its historical total inflow already surpassing $9.7 billion. This continuous and large-scale inflow undoubtedly reflects institutional investors' confidence in the long-term development of Ethereum.
Interestingly, despite the ETH price experiencing a pullback of about 4.7%, dropping to around $3,680, this does not seem to have affected the investment enthusiasm of large institutions. They continue to steadily increase their positions, a behavior that may suggest their optimistic outlook on future market trends.
In the face of such market trends, ordinary investors may need to rethink their investment strategies. When large institutions like BlackRock are actively positioning themselves, should we follow in their footsteps? Or should we continue to wait for the so-called "confirmation bull market" signals?
Regardless, the current market dynamics undoubtedly provide us with a unique perspective, allowing us to glimpse the investment thinking of large institutions. Before making any investment decisions, in-depth analysis of these data and trends may help us better grasp market opportunities.