Thursday's $BTC ETF flows still bleeding: -$244M total.

But here's the twist — $IBIT barely moved (-$5.5M), while $FBTC dumped -$197M and carried the entire outflow.

Wednesday's -$485M was the real nuke. Thursday's just cleanup.

$ETH ETFs? 8 days straight of red. -$72.5M yesterday, with $ETHA alone bleeding -$71.1M.

Institutional rotation or just risk-off? Either way, the bid's gone.