News of lower ETH spot ETF inflows compared to BTC shows several important things:

1. Smaller Inflows: On the first day of trading, the ETH spot ETF saw only $107 million in inflows, much smaller compared to $655 million for the BTC spot ETF. This indicates that initial interest in BTC ETFs is higher.

2. Grayscale Influence: Most of this difference was due to the $484 million outflow from Grayscale's ETHE. This suggests that some investors may be moving their funds from Grayscale to the new ETF.

3. Long-Term Optimism: Despite the challenges, QCP Capital remains optimistic. They warned that BTC hit an all-time high two months after its ETF was launched. So, there is hope that ETH could also experience a significant rise.

4. Interest from Large Investors: QCP Capital believes that interest from large investors will continue to exist, which could push the price of ETH even higher.

5. Decreased Volatility: They also expect ETH's volatility (price fluctuation) to decrease over the weekend, which could provide more stability to the ETH price.

So, while initial inflows into ETH spot ETFs are lower, there are several positive factors that could help increase ETH prices in the future.