This time,the divergence is clearer.

$BTC Spot ETFs recorded -$13.29M, nearly recovering after heavy outflows. But $ETH attracted +$216.41M—led by BlackRock’s ETHA with +$148.82M

,Fidelity’s FETH with+$11.40M,and Bitwise’s ETHW with +$29.09M.

The key isn’t that BTC is being sold.It’s that ETH is absorbing significantly more capital.

$BTC hasn’t confirmed a new trend,but ETF flows are already pricing ETH differently.

Is this rotation,or simply a test of positioning?