Ethereum

🚨 Bitcoin saw record ETF outflows yesterday, while Ethereum held up strong with barely any outflows!💪

🔹Growing ETH ETF optimism?
🔹Institutional sentiment shift?

One to watch!👀

Arthur Hayes says a lot of dumb things, but I think he's spot on here: traders played long ETF short CME for market neutral yield, and as expectations change, this unwinds. https://x.com/CryptoHayes/status/1894668909045043505

I'm very bullish Ethereum long-term, and think it's likely ETH price will follow.

𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 𝗙𝗹𝗼𝘄 (𝗨𝗦$ 𝗺𝗶𝗹𝗹𝗶𝗼𝗻) – 2025-02-25

TOTAL NET FLOW: -937.9

IBIT: -164.4
FBTC: -344.7
BITB: -88.3
ARKB: 
BTCO: -62
EZBC: -74.1
BRRR: -25.2
HODL: -10
BTCW: -17.3
GBTC: -66.1
BTC: -85.8

For all the data &amp; disclaimers visit:
https://t.co/Wg6Qpn0Pqw

Record outflows fits with an unwind of futures positions at CME due to basis compression.

Arthur Hayes

Head of Research @onchainhq
 🔎 | Get Insights into the most important Onchain Trends | Uncover future-shaping Developments.📈

https://linktr.ee/LeonWaidmann