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🧵 $BTC and eth ETFs are starting to tell different stories** Spot BTC ETFs have posted a strong, steady inflow streak throughout August — zero single-day net outflows all month. On August 3, BlackRock bought $111M in BTC, Fidelity added $33M, and Franklin Templeton bought $9M (its first purchase in over 30 days). ETH tells a different story. In the same week, ETH ETFs recorded $12.3M in single-day outflows and $30.4M in 7-day outflows. **Why this matters:** Intesa Sanpaolo, Italy's largest bank, cut its BlackRock IBIT (BTC) position by 94% in Q2 while tripling its ETH ETF position. That points to institutional rotation from BTC into ETH, not just a broad shift in risk appetite. **My take:** When the two largest crypto assets' ETF flows start diverging, it's often an early signal of sector rotation, not noise. Worth watching whether this pattern continues or fades. 💬 Institutional rotation from BTC into ETH, or just rebalancing? What's your read? *Personal analysis, not financial advice.* #BTCETHETFFlowsDiverge #AIInfraEarningsWatch #AIInfraFundingDiverges $BTC $ETH