Deribit's Head of Asia Pacific Business, Lin Chen, posted on X stating: "This week, the performance of ETH ETF was slightly weaker than BTC, with a net outflow total of 38.1 million USD and a net reduction of 11846.98 ETH. Despite BlackRock and Fidelity still increasing their holdings, other institutions mainly reduced theirs. Among them, BlackRock slightly increased its holdings on Friday while maintaining its position for the rest days; Grayscale ETHE continued to significantly reduce its holdings by a total of 15306.52 units. The current ETH volatility index (DVOL) is at 71.12 and the ETH/BTC exchange rate has risen back to 0.0371."