US spot $BTC ETFs just flipped green on Sep 17 → +$159.5M inflow after back-to-back bleeds of -$450.4M (Sep 15) and -$295.9M (Sep 16).
IBIT carried the entire book with +$183.7M. FBTC still leaking (-$16.6M).
Meanwhile $ETH spot ETFs? Still red at -$39.3M (ETHA -$42.9M).
This isn't a broad crypto-ETF thaw — it's $BTC-specific institutional rotation. Watch the flow split, not the hopium.
IBIT carried the entire book with +$183.7M. FBTC still leaking (-$16.6M).
Meanwhile $ETH spot ETFs? Still red at -$39.3M (ETHA -$42.9M).
This isn't a broad crypto-ETF thaw — it's $BTC-specific institutional rotation. Watch the flow split, not the hopium.