$ETH just gave the ETF market a small positive signal — but I wouldn't call it a reversal yet.
U.S. spotted Ethereum ETFs recorded roughly $6.9 million in net inflows on October 20.
That might not sound like much.
But the context makes it more interesting.
Before October 20, etherium ETFs had recorded four consecutive outflow sessions from October 14 through October 19.
Those four sessions added up to roughly $362.8 million in net outflows.
So yesterday's $6.9 million inflow is a change in direction, but it's still very small compared with the money that left during the previous sessions.
ETH closed around $2,435 on October 20, gaining roughly 1.8% during the session.
What I'm watching now is whether this small inflow is the beginning of a more consistent shift or simply one positive day inside a larger period of ETF weakness.
There is an important difference between saying "flows turned positive" and saying "institutional demand has recovered."
The first one is data.
The second one needs more evidence.
For me, the next few ETF sessions are more interesting than this single number.
Do you think one positive ETF session matters, or do you wait for a longer trend before changing your view on $ETH ?
##Ethereum #ETH #BinanceSquare #Crypto #EthereumETF #ETHUSDT #CryptoMarket #DYOR
U.S. spotted Ethereum ETFs recorded roughly $6.9 million in net inflows on October 20.
That might not sound like much.
But the context makes it more interesting.
Before October 20, etherium ETFs had recorded four consecutive outflow sessions from October 14 through October 19.
Those four sessions added up to roughly $362.8 million in net outflows.
So yesterday's $6.9 million inflow is a change in direction, but it's still very small compared with the money that left during the previous sessions.
ETH closed around $2,435 on October 20, gaining roughly 1.8% during the session.
What I'm watching now is whether this small inflow is the beginning of a more consistent shift or simply one positive day inside a larger period of ETF weakness.
There is an important difference between saying "flows turned positive" and saying "institutional demand has recovered."
The first one is data.
The second one needs more evidence.
For me, the next few ETF sessions are more interesting than this single number.
Do you think one positive ETF session matters, or do you wait for a longer trend before changing your view on $ETH ?
##Ethereum #ETH #BinanceSquare #Crypto #EthereumETF #ETHUSDT #CryptoMarket #DYOR
