ETF flows are beginning to diverge, and the answer to Bitcoin’s strength versus Ethereum
The latest data shows that on October 1, U.S. spot funds $BTC saw net inflows of around $103 million, including single-day inflows of $196 million;
funds #ETH saw net outflows of around $55.4 million.
Interpreting capital behavior:
Institutions have not left the crypto market, but are readjusting their asset preferences. Bitcoin has gradually regained capital support,
while #ETH is being affected by short-term capital flows.
ZEC should be considered separately.
Grayscale’s ZCSH was listed on the NYSE Arca on August 25, making it the first U.S. spot ZEC trading product. Its assets exceeded $500 million in early September.
Therefore, although the capital base of $ZEC is far smaller than that of BTC and ETH, it already has an independent institutional entry point.
What is more noteworthy now is not which one is rising the fastest, but rather:
Can Bitcoin continue to attract funds? When will ETH outflows stop? Can ZEC ETF funds continue to grow?
ETFs are not the definitive answer for prices, but they are increasingly telling the market: institutional money is the one making the choice.
$BTC #本周美联储将公布9月会议纪要
The latest data shows that on October 1, U.S. spot funds $BTC saw net inflows of around $103 million, including single-day inflows of $196 million;
funds #ETH saw net outflows of around $55.4 million.
Interpreting capital behavior:
Institutions have not left the crypto market, but are readjusting their asset preferences. Bitcoin has gradually regained capital support,
while #ETH is being affected by short-term capital flows.
ZEC should be considered separately.
Grayscale’s ZCSH was listed on the NYSE Arca on August 25, making it the first U.S. spot ZEC trading product. Its assets exceeded $500 million in early September.
Therefore, although the capital base of $ZEC is far smaller than that of BTC and ETH, it already has an independent institutional entry point.
What is more noteworthy now is not which one is rising the fastest, but rather:
Can Bitcoin continue to attract funds? When will ETH outflows stop? Can ZEC ETF funds continue to grow?
ETFs are not the definitive answer for prices, but they are increasingly telling the market: institutional money is the one making the choice.
$BTC #本周美联储将公布9月会议纪要