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The crypto bull run just gave off a signal that most people missed. Ethereum spot ETFs pulled in $216 million on September 11, their biggest one day total this month per Farside Investors. The same day, Bitcoin ETFs lost $13.29 million, adding to four straight days of losses per SoSoValue.

US spot Ethereum ETFs have had their strongest stretch in a year, drawing roughly $1.75 billion in net inflows during August, according toCrypto Briefing, and then extending the run into September with a fourth consecutive week of positive flows. Some trackers put the August figure closer to $1.85 billion, but whichever dataset is used, it…

The crypto overview for September is a story of two flows. Spot Ethereum ETFs pulled $197 million in net inflows in one week ending September 11, per Farside Investors. In the same stretch, Bitcoin funds lost $463 million.