The performance of chasing gains and killing losses in spot ETFs is vivid. Yesterday, emotions rebounded, the argument between Sichuan and Malaysia came to an end, and the passage of the Great Beauty Act brought about a rise in the risk market. With the rise in BTC prices, investors in spot ETFs have regained their purchasing power. Fidelity, which sold the most on Tuesday, bought it all back on Wednesday, and ARK and Bitwise also doubled their purchases. Only a sudden four digit outflow of grayscale occurred, while other data is quite normal. BlackRock investors have not changed their positions for two consecutive days, and traditional spot ETF investors are not the main driving force behind the current price increase. The reduction in selling is the main reason for maintaining the price. Data address: https://docs. (google.com)/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit? gid=1695479590 gid=1695479590