BTC $79,007, -3%

ETH ETF four days of net outflows totaling $190 million in May: $130 million outflow on May 12 alone, the largest single-day outflow in four months, with cumulative net inflow decreasing from a peak of $12.07 billion to $11.9 billion.
Meanwhile, SOL ETF continued its upward trend for 11 consecutive days in May, with no outflows, totaling $100 million in inflows for May, with a single-day record of $26.57 million on May 11, the highest of the year, bringing the total to $1.12 billion.
Two ETFs with a tenfold difference in size, this month’s directions are completely opposite.
ETH ETF launched in July 2024 was called a "milestone," and the Glamsterdam upgrade narrative has been priced in.
Money is waiting for the narrative to materialize—before that, sell first.
SOL ETF launching at the end of the year, Alpenglow’s 150ms finality is still a fresh story, Dartmouth Foundation only disclosed their position on May 14.
Contrary to consensus: institutions buying ETFs is not faith, but narrative arbitrage.
If the narrative is fresh enough, it gets in; once the narrative is realized, sell out.
When Alpenglow goes live on the mainnet, will SOL ETF also replicate today’s ETH outflow script?
#GateSquare May Trading Share $ETH $SOL