Net Inflows to ETFs for 12/6: BTC-ETF +$376.59M, ETH-ETF +$83.76M

Money is going to memes! (but this is not certain)
December 6, 2024 saw one of the largest smart money inflows into memecoins.
The purchase volume exceeded the sale volume.
The inflow of funds into memecoins was $10m, which is the highest figure in the last 7 days.
The inflow of funds indicates the presence of interest and trust in memecoins from smarts. This may also be a signal of a trend of accumulation of smart money.
The outflow was $8m This indicates that smart money is taking profits.
We saw a good inflow into #zerebro $jlp $shdw $jup and $hat
The inflow of smart money into zerebro was huge and amounted to about $2.3m
Smarts are skillfully rotating capital
Outflows were observed from $cBTC $popcat $Orca $fwog and $goat . The largest outflow was observed from $orca and amounted to about $1.23 million.
When we looked at the trend, we noticed that on December 6th, there was a general bullish sentiment towards memecoins from Smart Money.

Riley

@rileyfoster