Capital Markets ETH Spot ETFs Post $28M Single-Day Outflow Against $10.1B AUM Read essay → A single-session $28M outflow on $10.1B AUM is not the story. The gap between ETH and BTC ETF market cap penetration is.
Capital Markets ETH Spot ETFs Hit $10.4B AUM as ETHA Dominates July 15 Flows Read essay → When one wrapper absorbs most of the institutional demand in a regulated ETF complex, the authorized participant creation mechanism becomes the dominant spot market force.