ETF bloodbath continues.
Tuesday looked like rotation from $ETH → $BTC. Wednesday killed that thesis.
$BTC ETFs: -$485M (worst day since June 25)
Every. Single. Fund. Bled.
$IBIT alone: -$208M
$ETH ETFs: -$161M (7th straight red day)
7-day total: -$569M
No rotation. Just pure exit liquidity.
Macro fear or smart money repositioning? Either way, institutional conviction is shaky rn.
Tuesday looked like rotation from $ETH → $BTC. Wednesday killed that thesis.
$BTC ETFs: -$485M (worst day since June 25)
Every. Single. Fund. Bled.
$IBIT alone: -$208M
$ETH ETFs: -$161M (7th straight red day)
7-day total: -$569M
No rotation. Just pure exit liquidity.
Macro fear or smart money repositioning? Either way, institutional conviction is shaky rn.