The Nasdaq encryption ETF market has recently shown signs of expansion, with the buying volume of Ethereum continuously maintaining a net inflow status. Although the inflow amount is not particularly substantial, data indicates that there are indeed slightly more investors optimistic about Ethereum. The main buying activity last Friday came from BlackRock investors, and it is worth noting that BlackRock investors have not seen any net outflows for 21 consecutive days, purchasing over 96,000 Ether tokens in the past week.

Other institutional investors have relatively few trading activities, with both inflow and outflow not large. From the weekly data, the net inflow in week 45 remained at a similar level compared to week 44, at around 100,000 units, without significant fluctuations. This data indicates that the current market investors' sentiment towards Ethereum is relatively stable.

This ongoing but stable net inflow state may reflect institutional investors' recognition of Ethereum's long-term value, especially during market volatility, where such stability is particularly important.