The data for the ETH spot ETF continues to remain poor, with major holders like Fidelity reducing their positions by nearly 13,000 ETH yesterday, while U.S. spot ETF institutions collectively reduced their holdings by 15,765 ETH. The sentiment among ETH investors is also extremely negative; I've used this term many times in the past few days, and it's all been in reference to $ETH. As a holder, I feel quite frustrated.

I wonder if the sentiment among ETF buyers will improve after today's rebound. After all, ETH is one of the only two cryptocurrencies that have a spot ETF, and there are large investors like BlackRock involved. If this cycle were to end like this, it would indeed be quite disappointing.

The data has been updated, address: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing

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