BTC above $77k; ETH ETFs still bleed

What happened

Cheaper oil and a pullback in the 10-year yield let stocks and bonds firm after Wednesday’s hike. Crypto followed the same signal rather than leading it. Into early Friday Zurich time, Coinbase 24h stats put BTC near $77.6k after a $75.9k–$77.6k range, ETH near $2,488 after a $2,425–$2,492 range, SOL near $105.5 after a $99.5–$106 range, and XRP near $1.32. According to SoSoValue via CoinDesk, U.S. spot BTC ETFs took in about $159 million on Thursday while spot ETH ETFs lost about $39 million — a third consecutive withdrawal day after roughly $224 million Wednesday and $141 million Tuesday. XRP funds lost about $5 million. Fear & Greed printed 56 Greed, up from Neutral 50 on Thursday’s brief.

What it means

Price and flow are not telling the same story across majors. BTC is getting fresh spot ETF demand again after the midweek redemption wave; ETH is still seeing product redemptions even as the token bounces with the tape. That split matters for ETHA and peer ETH ETF holders, for ethereum beta in COIN and related exchanges, and for miners that still trade more like leveraged BTC. A broad token bounce funded by oil-eased risk appetite is not the same as confirmed ETH product demand.

Chart and trend facts

BTC reclaimed and held above $77k on the Coinbase window. ETH and SOL outperformed on percentage terms inside the bounce, but ETH’s ETF tape remains an outflow streak. Structure is still post-Clarity, post-hike digestion — not a fresh weekly trend claim.

What happened

Ether rose about 1.9% on the Coinbase 24h window to roughly $2,488 while its U.S. spot ETFs posted a third day of net outflows (~$39 million Thursday). Bitcoin’s product side flipped the other way with ~$159 million of inflows the same session. Listed crypto proxies participated in Thursday’s equity relief: COIN closed about $173.97 after Wednesday’s $164.51 Fed-day print, MSTR about $132.25, MARA about $11.64, and RIOT about $21.88. SOL led the majors on percentage terms near $105.5 (+~5.5% from the ~$100 open).

What it means

For ETH itself, a bounce without matching ETF demand is fragile — redemptions can still press the tape when the equity relief fades. Beneficiaries of a cleaner BTC flow recovery are BTC spot products and BTC-proximate names (MSTR, miners) more than ETH beta. Exchange names like COIN can bounce with volume and risk appetite, but they still carry the Clarity setback and higher-for-longer rate path from earlier this week. Do not read Thursday’s equity rebound as proof that ETH product demand has turned.

Chart and trend facts

ETH daily · BULLISH · last close $2,447 · flip $2,348
ETH 24h ~$2,488 · open $2,442 · high $2,492 · low $2,425
BTC last ~$77.6k · range $75.9k–$77.6k · above $77k
SOL last ~$105.5 · range $99.5–$106
Fear & Greed 56 Greed
ETH ETFs ~−$39M Thu (3rd day) · BTC ETFs ~+$159M Thu

ETH daily is labeled BULLISH with the flip at $2,348 and last close $2,447. Price is holding above that flip after the August breakout range. The open risk is that spot ETH ETF redemptions continue while the token rides equity-and-oil beta — a fade back through the flip with BTC losing $77k would argue the bounce was beta, not ETH-specific demand.