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ETF FLOWS ARE LOSING MOMENTUM Institutional demand has not disappeared, but it is becoming more selective. After a strong start to August, Bitcoin and Ethereum ETFs have recently seen weaker flows, while $BTC remains near $62K and $ETH around $1.88K. That divergence matters: capital is present, but not strong enough to drive a broad breakout. The key signal now is whether ETF inflows return alongside stronger spot volume. Until then, rallies may remain vulnerable to low-liquidity volatility.