$ETH ETF flows are entering its parabolic growth curve, while $BTC flows are starting to stagnate. Over the past 4 weeks, cumulative $BTC ETF holdings grew by just $0.15B, while $ETH exploded with $3.33B. That’s 21x more for an asset only 1/5 the size in market cap. Bitcoin maxis don’t realize it yet, but the numbers don’t lie: Bitcoin’s digital gold narrative is nice and works, but institutions ultimately care about fundamentals, yield, and utility. I expect Ethereum to take the lead for the rest of this cycle and beyond, while BTC dominance should continue to fade.