The performance of Ethereum (ETH) has been remarkable recently, with its price approaching an all-time high, only about 5% away. However, looking at the Spot ETF data, it seems that the participation of traditional investors has not been as enthusiastic as expected.

The latest data shows that the net inflow of ETH last Friday decreased by 25% compared to Thursday. It remains to be seen whether this trend will reverse on Monday. Nevertheless, the price performance of ETH is still noteworthy, with an increase that even surpasses that of Bitcoin (BTC).

Specifically regarding each ETF provider, BlackRock remains the largest buyer. In contrast, Fidelity and Grayscale have relatively smaller purchases, maintaining only at the four-digit level. This indicates that although the ETH market is performing strongly, there is still room for improvement in the participation of traditional investors.

From a longer time frame, the situation seems to be improving. In week 62, the net inflow of ETH from American investors approached 300,000, while the previous week saw a net outflow of nearly 210,000. This shift is undoubtedly a positive signal, although ETH's attractiveness still lags behind that of BTC.

Overall, the Ethereum market presents a complex picture. Although the price performance is strong, it seems that a full entry by traditional investors will take time. As the market continues to evolve, we may see more interesting developments in the coming weeks.