Institutions are voting with their money: spot $BTC ETFs have attracted about $1.08 billion over three consecutive trading days ($528 million on 10/21 alone, led by BlackRock’s IBIT at $235 million and Fidelity’s FBTC at $213 million). Meanwhile, spot $ETH ETFs have seen net outflows totaling a whopping $1.08 billion in October, wiping out all of September’s inflows and leaving year-to-date inflows at just about $485 million. One in, one out—the figures are exactly the same, as if scripted. What stings even more is a new study from DWF Labs: looking at 694 trading days, it found ETF flows follow price movements and have no predictive power at all—they buy after prices rise and flee when they fall. Institutions are no different. BTC is now hovering around $82,000 and ETH around $2,400, and the buy-high, sell-low script is still playing out. #比特币 #以太坊 #ETF