ETF capital outflows, but the prices of mainstream coins haven't dropped. What do you think?

Based on the latest ETF data and Gate platform market data, the single-day changes of mainstream cryptocurrencies like BTC and ETH in the US ETF are as follows:

ETF Capital Outflows, but Prices Didn’t Drop, What’s Going On?

From the latest ETF data, BTC and ETH both experienced significant net outflows on the day, but their prices did not weaken—in fact, they showed slight increases or sideways movement.

Although BTC ETF net outflow was about $2.76 billion, the price remained above $87,000, indicating that spot buying pressure is providing strong support despite institutional caution at high levels. The market has not shown panic.

ETH’s situation is even more notable, with ETF outflows of about $38.7 million, yet its price increased even more than BTC, demonstrating that market expectations for ETH remain positive in the medium term.

ETF capital changes for XRP and SOL were minimal, but their prices rose in tandem, mainly driven by native crypto funds rather than traditional financial institutions.

Overall, this is a cautious ETF but market not turning bearish scenario, more like high-level consolidation and capital rotation rather than a trend reversal. The real concern is if there is a subsequent continued ETF outflow coupled with price declines.