#数字资产市场动态 $ETH has attracted over $400 billion in the US spot ETF market in the past three months. The source of this money is quite interesting—401k retirement accounts, pension funds, investment advisor algorithms, target date funds automatic rebalancing. These institutional funds don't care about high or low valuations; they only look for a signal: whether the trend has already started. As long as they judge the trend to be valid, they will buy quietly.

Although funds have flowed into US stock ETFs, the distribution is uneven. Ultimately, they will settle into the largest-weighted assets—large-cap stocks, tech giants, and so on. This reflects a collective cognition: the probability of a soft landing for the US economy is high, the rate-cutting cycle is ongoing, the AI productivity story is still unfolding, cash is shifting from short-term bonds to long-term assets, and global hot money is flowing into dollar assets.

From another perspective, while many investors are still calling for a bear market, $400 billion is quietly bottom-fishing. These savvy funds are betting that the economy will be better in 2026.

On the technical side, $ETH retracing to the 3157-3133 zone is a good opportunity for a dip buy. If it rebounds, look towards around 3245 as a target.