Every Zipp story tagged #ETF, newest first.
The call rests on on-chain cost basis: $30,000 would imply MVRV near 0.56, in line with Bitcoin's worst historical bottoms, while Bloomberg's Mike McGlone sees a far deeper $10,000 reversion.
Bitcoin funds saw their largest single-day drag from IBIT, while Ethereum ETFs extended a three-day outflow streak led entirely by ETHA.
The $80K support zone now faces hotter inflation, $859M in ETF outflows and a pivotal Fed decision before the US midterm vote.
ETH's relative strength has not resolved the larger question: ETF redemptions and inflation-sensitive rates still stand between a bounce and a durable trend.
Thirteen straight weeks of XRP ETF inflows have not insulated the token from macro pressure, while rising whale deposits add a potential supply overhang.
Hougan's case rests on Bitcoin's potential role as a scarce asset and on demand from ETFs, advisers, companies and sovereign buyers.
Flows split across the group: Bitcoin and Ether drove the losses, while XRP and ZEC spot ETFs attracted inflows.
The withdrawal removes a proposed route to exchange-traded exposure to staked Ether, but the filing alone does not establish why VanEck changed course.
Ethereum funds accounted for $130M of the total, with BlackRock's ETHA responsible for $110M in net outflows.
The flow split points to selective demand, not a broad crypto-fund rebound. XRP still needs price action above resistance to confirm a stronger setup.
The $81.5K ETF cost basis has held in two tests, but renewed net outflows add pressure while buyers from the past two years remain underwater below $88K.
Three weeks of daily closes above the level support the current setup, while a break below could expose the market to forced selling.
The rebound was driven mainly by rising crypto prices, while BlackRock still managed less than a year ago despite $6.3B in 12-month net inflows.
The split between whale buying and ETF withdrawals puts Wednesday’s inflation report in focus, with rate expectations and institutional demand key to Bitcoin’s next move.
Fidelity's FBTC captured most of the Bitcoin total, while Ethereum Mini Trust led Ether inflows, pointing to demand across both asset classes.
The forecast depends on sovereign Bitcoin adoption, stronger corporate treasuries and a renewed institutional bid, while current price action remains far below the proposed targets.
Wintermute sees recovery hinging on stable Treasury yields and positive spot ETF flows, with BTC vulnerable while long-term yields remain elevated.
The withdrawals span both major ETF complexes, putting combined seven-day outflows above $1.2B.
The $81.5K area has shifted from a ceiling to a key decision point, while $77.5K remains the next major downside reference.
Every other US spot Bitcoin ETF printed zero flows, making this an IBIT-specific redemption rather than a sector retreat, though a daily bleed from the category leader still warrants close attention.
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