IBIT just logged its 11th consecutive day of outflows, roughly $2.35B drained since October 30 - the longest redemption streak since the fund launched. Bitcoin ETFs broadly have now bled for 7 straight sessions, and BTC itself is sitting near $65.9K, its weakest print since August.
The flow picture isn't uniformly bearish though. Ether ETFs turned net positive today, +$2.36M, the first green day in about a week after a run of redemptions. That's a small number on its own, but the direction is the signal: institutional demand for BTC exposure is drying up while ETH demand looks like it's stabilizing.
Whether that's early rotation out of BTC into ETH, or just noise, isn't clear yet. Worth watching ETH/BTC relative ETF flow over the next few sessions rather than spot price alone - in this market, flow tends to lead price more often than it lags.
Anyone else tracking relative ETF flow as the leading indicator instead of price moves? $BTC $ETH $TBOT #Bitcoin #Ethereum #ETF #TokenBot
tokenbot.com
The flow picture isn't uniformly bearish though. Ether ETFs turned net positive today, +$2.36M, the first green day in about a week after a run of redemptions. That's a small number on its own, but the direction is the signal: institutional demand for BTC exposure is drying up while ETH demand looks like it's stabilizing.
Whether that's early rotation out of BTC into ETH, or just noise, isn't clear yet. Worth watching ETH/BTC relative ETF flow over the next few sessions rather than spot price alone - in this market, flow tends to lead price more often than it lags.
Anyone else tracking relative ETF flow as the leading indicator instead of price moves? $BTC $ETH $TBOT #Bitcoin #Ethereum #ETF #TokenBot
tokenbot.com
