How should you read ETF data? Here’s the latest: SOL spot ETFs saw net outflows of $3.32 million on October 8, marking 4 consecutive days of outflows.
Look at three things:
① Direction: Outflows mean issuers need to sell some of their spot holdings;
② Persistence: Outflows have continued for 4 days, making the direction relatively clear;
③ Scale: The total assets are $1.738 billion. Comparing the daily amount with the total assets helps you gauge its significance.
$SOL Current price: $110.72, 24h: -4.27%.
ETF flows are better suited to tracking medium-term trends than making short-term trades.
#SOL
NFA. Do your own research.
Look at three things:
① Direction: Outflows mean issuers need to sell some of their spot holdings;
② Persistence: Outflows have continued for 4 days, making the direction relatively clear;
③ Scale: The total assets are $1.738 billion. Comparing the daily amount with the total assets helps you gauge its significance.
$SOL Current price: $110.72, 24h: -4.27%.
ETF flows are better suited to tracking medium-term trends than making short-term trades.
#SOL
NFA. Do your own research.