The data for ETH continues to be poor, and it's quite bad. BlackRock's investors have made some reductions in Bitcoin and also in ETH, with a total reduction of over 10,000 $ETH. This has led to BlackRock replacing Grayscale as the largest seller, indicating that even BlackRock's investors are not optimistic about the market before the tariffs.

Unlike $BTC, Fidelity and ARK have made some increases in BTC spot ETFs, but there has been no such increase in ETH data, so the purchasing power for ETH spot ETFs can be said to be very low. However, apart from BlackRock and Grayscale, there has been almost no selling from other investors, as most investors are still choosing to wait and see.

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