The ETF Flow Mirage: Why ETH's Twofold Inflow Efficiency Signals a Structural Shift, Not a Narrative
WooPanda
The numbers landed on my terminal like a warning shot. BTC spot ETFs absorbed $1.92 billion in a single week. ETH spot ETFs, a mere $700 million. Yet the ratio tells a different story. ETH's ETF inflow, relative to its market cap, is twice that of BTC. This is not a rounding error. This is a signal.
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