Bloomberg ETF analyst Eric Balchunas wrote on the X platform that the spot Ethereum ETF did not perform well in the first month, and the outflow reached $476 million, because the newly launched products failed to offset the unlocking impact of ETHE, and the influence was too large (which is why I reiterate how heroic the nine new Bitcoin ETFs performed). But the good news is that the unlocking will end and there will be light at the end of the tunnel.