BTC Spot ETF Inflows Diverge From ETH Fund Flows【MEXC Alpha Trader – Daily Market Brief (October 28, 2026)】

I. Macro & Market Sentiment

· Market Data: BTC $80,845 (+1.13%) | ETH $2,352 (+1.44%) | SOL $101.55 (+1.11%)

· Market Sentiment: Funding Rate +0.0051% | Fear & Greed Index 51 (Neutral)

· FOMC: Markets assign an 89.5% probability to rates remaining unchanged at this meeting, with pricing focus shifting to forward guidance rather than the rate decision itself. Further Reading

II. Trading Signals / Hot Topics

· [Today's Focus] BTC | ETF inflows diverge from ETH redemptions, with institutional spot demand favoring Bitcoin.

· As the primary liquidity anchor for the broader market, spot BTC ETFs recorded net inflows of $110 million.

· Analysis: The divergence from ETH fund flows indicates allocation capital is being redistributed, rather than signaling a broad-based expansion in crypto spot demand.

· Further Reading: 1

· [Market Watch] ETH | ETF net outflows widen, with weaker capital inflows into the settlement-layer asset than BTC.

· As a settlement layer for RWA, stablecoins, and L2s, spot ETH ETFs saw net outflows of $88.60 million, while related addresses transferred 45,240 ETH to Coinbase Prime.

· Analysis: Token transfers may reflect subscriptions, redemptions, or custody reallocations; net subscription and redemption data provides a clearer indication of the actual nature of supply than a single on-chain transfer.

· Further Reading: 1

· [On-Chain] HYPE | Regulated deployment connects to clearing systems, expanding institutional access for perpetual contracts.

· As a cash-flow case study in the on-chain perpetuals sector, Payward plans to deploy HIP-3, with Bitnomial handling markets, clearing, and settlement.

· Analysis: Layering matching infrastructure and clearing accounts could integrate on-chain liquidity into traditional derivatives operating frameworks.

· Further Reading: 1

III. Regulation & Major Events

· U.S. / Corporate | 26 companies, including IBM and Oracle, oppose the unauthorized tokenization of their shares by OKX and ICE, making authorization boundaries a key constraint for tokenized securities businesses. Further Reading

· Security / Passport | Passport hardware wallet developer identified more than 23,000 phishing email delivery attempts, with no evidence that any devices or private keys were affected. Further Reading

IV. Platform-Exclusive Benefits

· Loss Compensation Campaign, Round 4 (Futures)

· Alpha Trader October Trading Competition (Futures)

· Heart of the Brave V15 (Futures)

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Recommended Reading: MEXC On-Chain Daily Report: Ripple and Robinhood Form Strategic Stablecoin Partnership

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