ETH ETF continues to attract capital with $140 million, along with ETF fund continuously buying?

The latest data has confirmed that $ETH Spot ETF had just experienced an explosive trading day on December 4 with a total net inflow of $140.000.000

ETH

3,128.5

-1.57%

🔹 ETHA continues to assert its leading position as the fund attracted a net $53.000.00, showing the Wall Street giant's strong belief in Ethereum's growth potential

🔸 FETH is not far behind with a net purchase of more than $34.000.000 through the fund, contributing to a strong accumulation wave from foreign investor

🔹 Most notably ETHE fund which often sees outflows surprisingly recorded a positive inflow of nearly $28.000.000 signaling a positive sentiment shift from long term investor

🔸 The consensus buying from major institutions right before ETH important updates is a reinforcing signal for a sustainable bullish scenario in the final month of the year

Do you assess this as the start of Altseason or just a short term technical recovery?

This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.