Although the data for the $ETH spot ETF is not good, it is noticeable that investors' preference for ETH has returned somewhat recently. Yesterday, the amount of funds used to buy ETH was one-fifth of that for $BTC, which is already a decent figure, mainly driven by BlackRock investors.

Recently, although ETH's price has not shown an independent trend, its purchasing power compared to BTC is already quite good, and there are occasional instances where it surpasses BTC. However, when compared to the spot market, the gap is still significant.

Data source: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing

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