Nobody wants to say this about $ETH, so I will.


30 days of ETF data show consistent institutional outflows.
While $BTC holds positive net flows through one of the most fearful markets in recent memory, ETH is bleeding: -$71M in a single day.
This is the ETH narrative problem in one chart.
BTC has a story that institutions understand and believe.
ETH is still searching for its next one.
The data does not have opinions. It just has numbers.
What do the numbers tell you?
ETH0,05%
BTC0,57%
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