ETF Flows Turn Red — Watch for Follow-Through After Bitcoin & Ether Outflows

I note that after more than a week of steady inflows, bitcoin and ether ETFs flipped to net outflows on Friday — roughly $14M for bitcoin and $59M for ether — ending their recent winning streaks.

I view this as likely short-term profit-taking rather than an imminent structural reversal: the outflows are meaningful but modest relative to total ETF AUM, so price action and subsequent fund flows will determine whether this is a pause or the start of a broader pullback.