The ETF market on 4/2 recorded mixed signals between King $BTC and the Altcoin group. It seems that institutional capital is either rotating or restructuring portfolios as the market adjusts deeply.

🔷 Selling pressure from BTC ETF funds has not shown any signs of stopping, despite BlackRock's buying efforts.

  • Cash flow for the day: Net outflow of -1,185 BTC equivalent to -$88.96 million USD.

  • Weekly trend: A total of -11,202 BTC has been withdrawn from the market in the past 7 days.

  • Sell Side: Fidelity is the strongest seller with -1,960 BTC. ARK 21Shares also sold 827 BTC.

  • Buy Side: BlackRock continues to maintain a net buying position of +794 BTC. Surprisingly, Grayscale today also recorded a positive +856 BTC, but not enough to offset the selling pressure from Fidelity.

🔶 The biggest highlight today belongs to $ETH . While ETH price is hovering around the bottom $2,1xx, smart money is flooding in.

  • Daily cash flow: Net buying of +17,340 ETH equivalent to +$38.15 million USD.

  • Main driver: BlackRock executed a massive accumulation of +19,037 ETH in just one day. This is a strong support action, completely offsetting the selling from Fidelity and Grayscale.

BlackRock's strong accumulation of ETH at low prices indicates that financial institutions are recognizing the value of ETH at this price level, contrary to the panic sentiment of retail investors.

🔷 Similarly to ETH, $SOL has also received positive attention from ETF funds despite the poor technical chart.

  • Daily cash flow: Net buying of +13,901 SOL equivalent to +$1.32 million USD.

  • Leading: Fidelity is the biggest player today when buying up to +11,798 SOL.

Data from 4/2 shows a clear divergence.

Institutions seem to be reducing their BTC holdings but are taking the opportunity to accumulate ETH and SOL at important support levels.

BlackRock's action to accumulate nearly 20,000 ETH is a signal worth considering for investors as market sentiment is extreme.

This article is for reference only and not investment advice. Please read and consider carefully before making a decision.