After three straight weeks of inflows, U.S. spot #Bitcoin ETFs suddenly reversed course.

They lost $462.7 million last week, with withdrawals continuing across all four trading sessions.

Thursday delivered the biggest blow:
$282.7 million flowed out, the largest daily withdrawal since July.

ARKB led the weekly exits with $234.2M, followed by GBTC at $129.1M and IBIT at $52.5M.

But investors didn't abandon crypto entirely.

Ether ETFs went the other way, attracting $196.9 million for the week. Friday alone brought in $216.4 million, led by BlackRock's ETHA.

So the story isn't simply "crypto money is leaving."

It's rotating.

Now the question is whether $BTC ETF momentum can recover or whether Ether is starting to capture the spotlight.

#Macro Insights#