Spot Bitcoin ETFs saw a $236.5M net outflow on Sept 1, ending a nine-day inflow streak. Spot Ether ETFs still posted a modest $8.6M inflow, while BTC fell to around $77,520 and ETH to around $2,412 as the Iran escalation hit risk assets.
Matters because: The BTC/ETH divergence suggests rotation rather than a full crypto exit, but the end of the inflow streak may signal short-term institutional caution ahead of the September FOMC.