$ETH: Bitcoin ETFs drew 31M as Ether ETFs lost 48M Live: $ETH 2,496.3 (+0.88% 24h) · 24h range 2,443-2,505.1 · 11.73B USDT 24h vol
U.S. Issuer tallies put spot Bitcoin ETFs up 31 million on the day while spot Ethereum ETFs were down 48 million. It's a sharp split and it came in a single session.
A flow isn't a vote. It's cash moving. When money enters a spot ETF, the issuer creates new shares and buys the coin to back them, and when money leaves it redeems shares and sells.
31 million in, 48 million out in a single session
So this wasn't broad fear. It was choice. Traders wanted Bitcoin exposure through the regulated wrapper and they didn't want Ethereum exposure that day.
That's rotation inside crypto, not money leaving crypto all at once. It also fits the retirement question hanging over Bitcoin. Retirees can't redo a bad decade, so they need steadier ground.
$ETH #ETH #CryptoNews #CoinBatmi
U.S. Issuer tallies put spot Bitcoin ETFs up 31 million on the day while spot Ethereum ETFs were down 48 million. It's a sharp split and it came in a single session.
A flow isn't a vote. It's cash moving. When money enters a spot ETF, the issuer creates new shares and buys the coin to back them, and when money leaves it redeems shares and sells.
31 million in, 48 million out in a single session
So this wasn't broad fear. It was choice. Traders wanted Bitcoin exposure through the regulated wrapper and they didn't want Ethereum exposure that day.
That's rotation inside crypto, not money leaving crypto all at once. It also fits the retirement question hanging over Bitcoin. Retirees can't redo a bad decade, so they need steadier ground.
$ETH #ETH #CryptoNews #CoinBatmi