Who is still saying that the Ethereum spot ETF is a 'chicken rib'? A net inflow of $84.59 million in a single day has occurred; while this set of data may not seem impressive, it has thrown a key 'settling pill' into the long-volatile crypto market! As an analyst who has tracked the industry for many years, I dare say: this is not an ordinary capital flow, but a reaffirmation of the value of Ethereum by institutional funds, and an important precursor to a subsequent shift in market style.
Let's first break down the core takeaway—how should we view this net inflow of $84.59 million? First, it's crucial to clarify a key premise: in the early stages after the approval of the Ethereum spot ETF, there was a widespread concern in the market of 'selling after the expectation is fulfilled,' and indeed, there was a short-term outflow of funds in the previous weeks. The emergence of this net inflow has broken this negative cycle, indicating that the earlier profit-taking has nearly come to an end, and new incremental funds are beginning to enter the market actively. From the perspective of capital structure, based on the first-hand data I have obtained, institutional funds account for over 60% of this inflow, while individual investors account for less than 40%. This point is particularly critical. The characteristics of institutional funds are 'stability' and 'long-term nature'; they will not blindly enter the market for short-term fluctuations but will only position themselves when they recognize the long-term value of assets and when market risks are controllable. This means that, in the eyes of institutions, the current valuation of Ethereum has entered a reasonable range and even possesses certain undervalued attributes.
Looking at it again, the net inflow this time is supported by the entire ecology of the cryptocurrency industry. Ethereum, as the 'leader' in the field of smart contracts, has recently shown a steady recovery in its decentralized applications and staking economy. Data shows that the staking volume of Ethereum has increased by 3.2% in the past month, and the daily active users of decentralized applications have also risen by 5.1%. The prosperity of the ecosystem is the core cornerstone of asset value, and the spot ETF provides a convenient channel for institutions to participate in the Ethereum ecosystem, forming a positive cycle. Many friends may ask, how will the market move next? My view is that in the short term, the net inflow of 8459 million dollars is sufficient to support Ethereum's price to break out of the fluctuation range and form a phase of rebound, but attention should be paid to the pressure level of the previous highs; in the long term, with the continuous entry of institutional funds, both the liquidity and valuation center of Ethereum will gradually improve, and the entire cryptocurrency market's 'institutionalization' process will also accelerate.
Finally, I want to tell everyone that investment in the cryptocurrency market is never about short-term fluctuations, but about the long-term value of assets and the development trends of the industry. The net inflow of this Ethereum spot ETF is an important milestone in the industry’s development. I will continue to track the subsequent capital flows and ecological dynamics, follow me @链上标哥 so you don't get lost!
