During Christmas Eve, ETH spot ETF performance was lackluster. Institutional investors like Grayscale and BlackRock experienced significant reductions, while other institutions showed little to no action. This reveals a phenomenon: traditional financial institutions' bullish sentiment is quite subdued. The funds exiting from Grayscale and BlackRock are likely flowing into the US stock market. In comparison, the attractiveness of cryptocurrencies in the eyes of traditional investors is indeed declining, with US stocks taking higher priority in allocations. In the short term, it is difficult for this situation to change significantly, and we need to wait for market sentiment to recover.

ETH-1,32%
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VitalikFanboy42vip
· 8h ago
Gray scale and BlackRock collectively run away, now everyone is really panicking. US stocks are so attractive, right?
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IfIWereOnChainvip
· 8h ago
Grayscale and BlackRock are selling off, now it's really panic-inducing. US stocks are attractive, and we're being neglected here.
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SerRugResistantvip
· 8h ago
Gray scale BlackRock is exiting, this time it's really going to be a bear market...
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DegenGamblervip
· 8h ago
Gray scale BlackRock has run away, now it's really embarrassing.
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Layer2Observervip
· 9h ago
Hmm... Grayscale and BlackRock running together is getting interesting. It suggests that this isn't just a tactical adjustment by individual institutions, but rather a collective cooling signal. U.S. stocks are indeed more attractive right now, but can this logical chain be made more rigorous? The flow of funds into U.S. stocks is just a speculation; what do the actual data say? The idea of short-term recovery is too vague. Let's wait and see how the on-chain data over the next few weeks unfolds.
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