The data of ETH spot ETF in the 16th week was affected by the election and came out of the best total increase in US holdings in history. In one week, the net increase was 44,372 ETH, which was 66.4 times higher than that in the 15th week. The main reason was that Grayscale's total reduction in holdings during the week was relatively reduced by 40%, and ETHE's reduction was reduced by 34%. Grayscale currently holds 1,959,231 #ETH, of which ETHE holds 1,566,490. Grayscale's holdings account for 70% of the total ETF.
In the 16th week, the net purchasing power of US investors was 56,015 ETH, 1.9 times higher than that in the 15th week. BlackRock increased its holdings the most during the week, with a total of 36,981 ETH, followed by Fidelity, which increased its holdings by 13,250 ETH. The other investors increased their holdings by only a few thousand ETH, and BlackRock still led the purchase. The same is true for #BTC.
The increase in the data in the sixteenth week is mainly due to the stimulus brought by the US election. It is not certain whether such high data can be maintained in the future. It also depends on whether the market FOMO sentiment decreases, whether there are continued positive expectations, etc. As of now, US ETFs hold a total of 2,809,202 ETH.
There were no changes in holdings of the three spot ETFs in Hong Kong in the past week.
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