Recently, Ethereum's market performance has indeed been slightly better than Bitcoin's. Last Friday was the only day of net outflow, while the other four days saw inflows, but honestly, the difference isn't particularly dramatic. Interestingly, institutional investors' attitudes vary—BlackRock's investors continued their net inflow on Friday, while Grayscale experienced a quite substantial sell-off. As for Fidelity, although known for chasing gains and cutting losses, they also reduced their holdings slightly on Friday.

Data updated to Week 77: U.S. investors bought a total of 72,440 ETH this week. From this volume, it shows that institutional participation in Ethereum remains quite active, but internal polarization is also quite evident—some are increasing their holdings, while others are fleeing.