Since early November, the 30 day SMA of net inflows for both #Bitcoin and #Ethereum ETFs has slipped into negative territory and continues to remain there. This ongoing weakness signals reduced engagement from institutional allocators, reflecting a wait and watch approach rather than active positioning.

The lack of consistent inflows highlights softer demand at the institutional level, aligning with declining liquidity conditions across the crypto market. Until flows stabilize or turn positive, broader market participation is likely to stay subdued, limiting strong directional moves.