Spot bitcoin ETFs took in a net $17.07M on Thursday, 29 October, their fourth straight day of inflows, and that was the session $BTC sold off hard. It's small next to the $137.3M the day before, but it's still positive... if the wrappers were the ones unwinding into the drop I'd expect red there, and from Monday to Thursday they added up to $440.71M of net buying.
Ether funds went the other way, about $105M out on the day and a fourth straight outflow day of their own, so the two wrappers are pulling in opposite directions this week.
It's one session, so I'm watching whether the $BTC inflow run makes it to a fifth day and whether the $ETH outflows keep building.
#Bitcoin #Ethereum #ETF #Crypto
Ether funds went the other way, about $105M out on the day and a fourth straight outflow day of their own, so the two wrappers are pulling in opposite directions this week.
It's one session, so I'm watching whether the $BTC inflow run makes it to a fifth day and whether the $ETH outflows keep building.
#Bitcoin #Ethereum #ETF #Crypto