On November 27, the fund flows of Bitcoin ETF and Ethereum ETF showed a starkly different trend, which to some extent reveals the differing demand sentiments of institutional investors towards Bitcoin (BTC) and Ethereum (ETH). Although the Bitcoin ETF experienced a net outflow of $263.95 million that day, indicating that some investors may be cautious about BTC, the Ethereum ETF saw a net inflow of $35.7 million, particularly with a significant inflow from BlackRock, which pushed its holdings to a new level. This contrasting trend in fund flows not only reflects subtle changes in market sentiment but also suggests that new investment hotspots and opportunities may emerge within the cryptocurrency market.