It's been a long time since we've seen ETH's funding volume drop below BTC's, but that's exactly what happened on Thursday. The difference was about 11 times, and it was also the first time in the past week that ETH's net daily inflow fell below $100 million. As for whether this marks the beginning of a slowdown in ETH ETF buying, one day's data isn't enough to confirm—we'll need to observe for a while longer. The main reason for this drop in inflows is that BlackRock's investor purchases have significantly decreased, Fidelity's investors shifted from net buying to net selling, and even Grayscale's buying volume was cut in half. Thursday's funding volume was down nearly 90% compared to Wednesday. Let's wait and see what happens next week. This post is sponsored by Bitget ｜ @Bitget_zh