After BlackRock’s ETH ETF continued net buying for 15 consecutive days, today marked the first time it stopped this trend.
So far, BlackRock’s accumulated net purchases of its ETH ETF have reached $1.16 billion. This streak of continuous buying has directly fueled the recent strengthening of Ethereum’s price action, showing the market that traditional institutions’ demand for Ethereum remains strong.
With this stop to consecutive net buying, will it become a turning point for Ethereum’s short-term trend? Or is it simply an adjustment in institutional buying pace, with further entries to come?
$ETH #以太坊 #加密货币
So far, BlackRock’s accumulated net purchases of its ETH ETF have reached $1.16 billion. This streak of continuous buying has directly fueled the recent strengthening of Ethereum’s price action, showing the market that traditional institutions’ demand for Ethereum remains strong.
With this stop to consecutive net buying, will it become a turning point for Ethereum’s short-term trend? Or is it simply an adjustment in institutional buying pace, with further entries to come?
$ETH #以太坊 #加密货币