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$ETH IS QUIETLY CLOSING THE GAP The interesting part isn’t simply that ETF flows are still positive — it’s the share of new capital. On Aug. 25, $BTC ETFs attracted +$29.95M, while $ETH ETFs brought in +$25.75M — nearly the same, even though cumulative BTC ETF inflows remain far larger at $54.07B vs. $12.29B. New capital is being allocated more evenly between BTC and ETH. If this continues, ETH could become the bridge for the next rotation into altcoins.