Ethereum ETFs just logged their 6th straight day of outflows — $407.8M pulled since Sept 29, with $201.9M of that on Oct 6 alone. Every dollar came from one fund: BlackRock's ETHA.
The same day, spot Bitcoin ETFs took in $119M. That split is the real story. This isn't broad risk-off — allocators are rotating inside the ETF wrapper, trimming ETH exposure while holding or adding BTC. ETH has slipped under $2,600 on the back of it, and with roughly $1.35B in ETH long positions sitting close to liquidation, a single-issuer redemption run like this has more room to cascade through spot than a diversified outflow would.
If you're trading ETH funding or basis right now, does outflow concentration from one issuer change how you'd size the position versus a broad-based redemption wave?
#Ethereum #Bitcoin #Crypto #TradingSignals #TokenBot $BTC $ETH $TBOT tokenbot.com
The same day, spot Bitcoin ETFs took in $119M. That split is the real story. This isn't broad risk-off — allocators are rotating inside the ETF wrapper, trimming ETH exposure while holding or adding BTC. ETH has slipped under $2,600 on the back of it, and with roughly $1.35B in ETH long positions sitting close to liquidation, a single-issuer redemption run like this has more room to cascade through spot than a diversified outflow would.
If you're trading ETH funding or basis right now, does outflow concentration from one issuer change how you'd size the position versus a broad-based redemption wave?
#Ethereum #Bitcoin #Crypto #TradingSignals #TokenBot $BTC $ETH $TBOT tokenbot.com