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CAPITAL IS “UNLOCKING” THE MARKET There’s an interesting signal: BTC and ETH aren’t just rising together — ETF flows are expanding at the same time. On August 25, Bitcoin Spot ETFs attracted $314.37M, while Ethereum Spot ETFs added $179.80M. But the bigger story isn’t one green day — cumulative net inflows have reached $54.36B for BTC and $12.45B for ETH. This looks more like a liquidity unlock: large capital is strengthening the two pillars first, before potentially flowing into altcoins.