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Marcus Corvinus1
Same ETF wrapper, opposite behavior. On October 19, spot $BTC funds took in $527M while $ETH products shed more than $100M in one session. By October 21 the gap had widened: Ether ETFs were sitting on roughly $1.08B of redemptions for the month, while Bitcoin kept drawing fresh money. That looks less like noise and more like allocators choosing where to hold risk. For now the flow data says $BTC is the core position and $ETH is the one getting trimmed.
