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According to SoSoValue data, on January 23 (Eastern Time), Ethereum spot ETFs saw a total net outflow of $14.93 million. On the same day, Grayscale’s Ethereum Trust ETF (ETHE) experienced a net outflow of $22.29 million, bringing its historical net outflow to $3.762 billion. Meanwhile, Grayscale’s Ethereum Mini Trust ETF (ETH) saw a net inflow of $3.06 million, and its historical total net inflow now stands at $581 million. The Ethereum spot ETF with the largest net inflow on January 23 was Fidelity's ETF (FETH), which saw a net inflow of $7.33 million, bringing its total historical net inflow to $1.46 billion. The second highest net inflow was seen in Grayscale's ETF (ETH), which had a net inflow of $3.06 million, with a historical total net inflow of $581 million. As of the time of publication, the total net asset value of Ethereum spot ETFs stands at $11.881 billion, with an ETF net asset ratio (market cap relative to Ethereum's total market cap) of 3.04%. The historical cumulative net inflow has reached $2.795 billion.

PANews reported on January 24th, macro researcher Adam from Greeks.live pointed out that on January 24th, a total of 31,000 BTC options expired with a Put Call Ratio of 0.48 and the biggest pain point being $100,000 USD, having a nominal value of $3.19 billion USD. Additionally, 174 thousand ETH options expired with a Put Call Ratio of 0.47 and the biggest pain point being $3300 USD, having a nominal value of $580 million USD. Bitcoin remains above $100k USD and there is high probability that Bitcoin will become the reserve asset for the US government and major corporations this year. Trump's inauguration has cleared policy obstacles for it and market enthusiasm for Bitcoin may continue throughout the year. Trump officially took office as President in this term; whether he will issue policies directly favorable to cryptocurrencies this month is worth paying attention to. Today Japan's central bank announced an interest rate hike by 25 basis points while next week's Federal Reserve interest rate meeting will likely maintain rates without any cuts. Macro event expectations are relatively stable; focus should be placed on policy changes from new government and ETF inflows later this week - some short-term options can be purchased for short-term trading.