🚨🚨There’s one thing that doesn’t quite add up for me.
Over the past 24 hours, crypto ETFs recorded net outflows of around USD 655M.
The ETFs for $BTC alone show around USD 485M in outflows, while those for $ETH saw another USD 160M. [citation]
cryptoetf
+1
But at the same time, year-to-date cumulative flows remain positive by billions, and the ETFs still have tens of billions under management. [citation]
cryptoetf
+1
So the question isn’t whether money flowed out.
That already happened.
The question is something else:
What are we really seeing?
A) Institutions reducing risk ahead of a deeper move.
B) Normal profit-taking within a trend that remains intact.
C) Something else we haven’t figured out how to read yet.
I have a hypothesis, but I’d rather share it after seeing the responses.
Don’t just choose A, B, or C.
Defend your choice with a data point you’re watching today.
Over the past 24 hours, crypto ETFs recorded net outflows of around USD 655M.
The ETFs for $BTC alone show around USD 485M in outflows, while those for $ETH saw another USD 160M. [citation]
cryptoetf
+1
But at the same time, year-to-date cumulative flows remain positive by billions, and the ETFs still have tens of billions under management. [citation]
cryptoetf
+1
So the question isn’t whether money flowed out.
That already happened.
The question is something else:
What are we really seeing?
A) Institutions reducing risk ahead of a deeper move.
B) Normal profit-taking within a trend that remains intact.
C) Something else we haven’t figured out how to read yet.
I have a hypothesis, but I’d rather share it after seeing the responses.
Don’t just choose A, B, or C.
Defend your choice with a data point you’re watching today.