How do I usually read ETF data? Here’s the latest example: SOL spot ETFs saw net outflows of $4.8 million on October 7, marking 3 consecutive days of outflows.
Look at three things:
① Direction: Outflows mean issuers are reducing some of their spot holdings;
② Persistence: There have been outflows for 3 consecutive days, so the direction is fairly clear;
③ Size: With total assets of $1.854 billion, comparing the daily figure with the total gives you a better sense of its significance.
$SOL Current price: 114.61, 24h: -3.52%.
When ETF flows and the coin’s price move in the same direction, the trend is usually more solid.
For reference only; this is not investment advice. DYOR.
Look at three things:
① Direction: Outflows mean issuers are reducing some of their spot holdings;
② Persistence: There have been outflows for 3 consecutive days, so the direction is fairly clear;
③ Size: With total assets of $1.854 billion, comparing the daily figure with the total gives you a better sense of its significance.
$SOL Current price: 114.61, 24h: -3.52%.
When ETF flows and the coin’s price move in the same direction, the trend is usually more solid.
For reference only; this is not investment advice. DYOR.