Ethereum ETFs see net outflows for six straight days, with $202 million outflow on the latest day, while Bitcoin ETFs log net inflows for eight straight days 🦖
💬 群里一起聊行情
U.S. spot Ethereum ETFs saw net outflows of $202 million on the latest trading day. That marks the sixth consecutive trading day of net redemptions, with not a single day of net inflows during that stretch. A one-way bleed.
The timeline is even more telling. Just about two weeks ago, in late September, spot Ethereum ETFs recorded $270 million in net inflows in a single day. BlackRock’s ETHA alone contributed $110 million. From a $270 million daily inflow to six straight days of outflows— institutional sentiment made a sharp U-turn in just two weeks 📈
On the same track, spot Bitcoin ETFs tell the exact opposite story: $31.1 million in net inflows on the latest day, marking their eighth consecutive trading day of net inflows. Not a single day in those eight was outweighed by redemptions. Spot Solana ETFs also recorded $26.1 million in net inflows in a single day over the same period 💰
Put these figures together and the takeaway is clear: money hasn’t left crypto ETFs. It has simply moved from Ethereum to Bitcoin and Solana. This is a reshuffling within crypto, not a retreat from the asset class as a whole.
Mechanically, net outflows from spot ETFs mean redemptions exceed creations. Authorized participants typically have to sell the corresponding spot Ethereum to meet those redemptions, so outflows directly add selling pressure to the spot market. But they’re only a demand signal, not a price directive ⚠️
The market is reflecting this too: Bitcoin is currently at $84,322, down 1.28% over 24 hours; Ethereum is at $2,620, down 2.79%; and Solana is at $118.82, down 0.61%. Ethereum’s decline is clearly steeper than Bitcoin’s, fully aligning with the direction of the fund flows 📉
My take is that Bitcoin is currently acting as crypto’s safe haven, while Ethereum is behaving like a risk asset. If the next report still shows net outflows, the redemption pressure that has lasted six straight days could spill over into the altcoin sector. On the other hand, a return to positive flows would signal that this wave of redemptions is starting to exhaust itself.
The number to watch is the next trading day’s figure. Another day of outflows would deepen the trend; a reversal to inflows would mean the pressure has largely eased. There’s no gray area in between.
Let’s talk in the comments: do you think institutions are abandoning Ethereum, or are funds just temporarily changing seats?
Every day, I bring you the latest on Ethereum and Bitcoin fund flows—not just what’s happening in the news, but also the logic and opportunities behind it 👀🚀
💬 群里一起聊行情
U.S. spot Ethereum ETFs saw net outflows of $202 million on the latest trading day. That marks the sixth consecutive trading day of net redemptions, with not a single day of net inflows during that stretch. A one-way bleed.
The timeline is even more telling. Just about two weeks ago, in late September, spot Ethereum ETFs recorded $270 million in net inflows in a single day. BlackRock’s ETHA alone contributed $110 million. From a $270 million daily inflow to six straight days of outflows— institutional sentiment made a sharp U-turn in just two weeks 📈
On the same track, spot Bitcoin ETFs tell the exact opposite story: $31.1 million in net inflows on the latest day, marking their eighth consecutive trading day of net inflows. Not a single day in those eight was outweighed by redemptions. Spot Solana ETFs also recorded $26.1 million in net inflows in a single day over the same period 💰
Put these figures together and the takeaway is clear: money hasn’t left crypto ETFs. It has simply moved from Ethereum to Bitcoin and Solana. This is a reshuffling within crypto, not a retreat from the asset class as a whole.
Mechanically, net outflows from spot ETFs mean redemptions exceed creations. Authorized participants typically have to sell the corresponding spot Ethereum to meet those redemptions, so outflows directly add selling pressure to the spot market. But they’re only a demand signal, not a price directive ⚠️
The market is reflecting this too: Bitcoin is currently at $84,322, down 1.28% over 24 hours; Ethereum is at $2,620, down 2.79%; and Solana is at $118.82, down 0.61%. Ethereum’s decline is clearly steeper than Bitcoin’s, fully aligning with the direction of the fund flows 📉
My take is that Bitcoin is currently acting as crypto’s safe haven, while Ethereum is behaving like a risk asset. If the next report still shows net outflows, the redemption pressure that has lasted six straight days could spill over into the altcoin sector. On the other hand, a return to positive flows would signal that this wave of redemptions is starting to exhaust itself.
The number to watch is the next trading day’s figure. Another day of outflows would deepen the trend; a reversal to inflows would mean the pressure has largely eased. There’s no gray area in between.
Let’s talk in the comments: do you think institutions are abandoning Ethereum, or are funds just temporarily changing seats?
Every day, I bring you the latest on Ethereum and Bitcoin fund flows—not just what’s happening in the news, but also the logic and opportunities behind it 👀🚀
