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Davinci.Crypto
ETF FLOWS AREN’T SAYING “BUY ETH”
On Sept. 14, one detail is easy to overlook.
$BTC attracted +$160.04M.
$ETH attracted +$121.02M.
At first glance, BTC wins.
But look at the story:ETH has only $16.42B NAV, versus $100.09B for BTC.
In other words, the market is putting significant capital into a much smaller ETH pool.
This isn’t about $BTC or $ETH.
It’s a different question:
When fresh capital enters, which asset is the market willing to price more aggressively?
That’s the signal I’ll watch next.
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