The Ethereum Spot ETF has bought 364,000 ETH in 16 days, but ...❓

From 5/16 to 6/09, a total of 16 working days,
About 364,000 ETH have flowed into the Ethereum spot ETFs in the United States and Hong Kong.
Among them, the BlackRock ETF saw an inflow of approximately 274,000 ETH during the same period.

Many people use this as a reason for being bullish, saying it is "institutional entry."
Some even say that institutions are swapping BTC for ETH, but the truth is ...👇

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📝 First, the conclusion: this cannot be used as a direct reason to go long.

It is undeniable that there has been a significant net inflow into ETFs over the past three weeks.
However, as an old investor who manually compiles ETF data every day,
I am quite sensitive to the inflows and outflows of ETFs.

If we talk about the large net inflow of ETF, from January 29 to February 6 this year,
In just 7 working days, the Ethereum ETF has seen inflows of approximately 181,000 ETH.
Among them, the BlackRock ETF saw an inflow of approximately 149,000 ETH during the same period.
In terms of inflow speed, it was definitely faster than the recent wave.

So, what happens next❓

Well, based on the closing price on 2/06, the maximum subsequent decline for ETH is approximately 55.5%📉

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What I want to say is:
There are many reasons to be bullish or bearish, but most of them are just noise.
If you incorporate all information into your trading decisions, you are likely to encounter obstacles and injuries from time to time.

This article does not say that a large net inflow into ETFs must lead to a decline,
but rather proving that "large net inflows cannot be taken as a reason to be bullish"‼️

The Ethereum ETF has been listed in the United States for nearly a year, based on my personal daily observations.
ETF buyers are more like retail investors who chase after rising prices and panic sell when prices drop.

In summary, if you originally viewed the large inflow of the ETF as a reason to buy ETH,
Well, maybe you should reconsider whether your decision was too rash.

📍Supplement: The ETF data compiled in this article comes from the official websites of various issuers.

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