CAPITAL ISN’T DISAPPEARING, IT’S CHANGING CONVICTION
$BTC Spot ETFs saw $224.55M in outflows, while $ETH continued attracting capital. But the real signal isn’t the red number.
When funds like $ARKB and $GBTC see heavy outflows while capital still appears elsewhere, the market may be reassessing where it wants to stand.
This isn’t necessarily risk-off. It could be capital reallocation.
The real question: Is capital leaving Bitcoin, or looking for a new way to bet on it?