The afternoon’s wild guessing and nonsense begins to pull!
BTC ETF has seen 9 straight days of inflows, while ETH suddenly flipped to outflows—institutional capital is starting to diverge.
As of September 29, the US spot BTC ETF recorded a daily net inflow of about $66.2 million, maintaining net inflows for the 9th consecutive trading day. In this round, total fund absorption is about $3.1 billion. Meanwhile, ETH spot ETFs ended 7 consecutive days of net inflows and turned to a daily net outflow of about $2.81 million. Prior to that, the inflows over the previous 7 trading days totaled about $851 million.
What’s most worth watching in this data isn’t the inflow/outflow in a single day, but the priority of capital: institutional allocation demand for BTC remains more stable. Although ETH recently experienced a clear round of inflows, marginal capital is already cooling down.
For the market, if BTC ETFs continue to hold net inflows, BTC’s funding base still has support. But if ETH ETFs show continued consecutive outflows, then investors should be wary that ETH’s relative strength versus BTC could expand further. For altcoins to restart, they also need to see ETH capital return—otherwise the market may continue to maintain the structure of “BTC strong, ETH choppy, altcoins diverging.”
I care more about two signals: whether the BTC ETF can push into a 10th consecutive day of net inflows, and whether this ETH outflow is a short-term profit-taking move, or whether fund style is starting to tilt back toward BTC.
Do you think next will be BTC continuing to draw in capital, or will ETH quickly turn back to net inflows?
BTC ETF has seen 9 straight days of inflows, while ETH suddenly flipped to outflows—institutional capital is starting to diverge.
As of September 29, the US spot BTC ETF recorded a daily net inflow of about $66.2 million, maintaining net inflows for the 9th consecutive trading day. In this round, total fund absorption is about $3.1 billion. Meanwhile, ETH spot ETFs ended 7 consecutive days of net inflows and turned to a daily net outflow of about $2.81 million. Prior to that, the inflows over the previous 7 trading days totaled about $851 million.
What’s most worth watching in this data isn’t the inflow/outflow in a single day, but the priority of capital: institutional allocation demand for BTC remains more stable. Although ETH recently experienced a clear round of inflows, marginal capital is already cooling down.
For the market, if BTC ETFs continue to hold net inflows, BTC’s funding base still has support. But if ETH ETFs show continued consecutive outflows, then investors should be wary that ETH’s relative strength versus BTC could expand further. For altcoins to restart, they also need to see ETH capital return—otherwise the market may continue to maintain the structure of “BTC strong, ETH choppy, altcoins diverging.”
I care more about two signals: whether the BTC ETF can push into a 10th consecutive day of net inflows, and whether this ETH outflow is a short-term profit-taking move, or whether fund style is starting to tilt back toward BTC.
Do you think next will be BTC continuing to draw in capital, or will ETH quickly turn back to net inflows?