Three crypto ETFs each reversed course on the same day, but they reversed in three completely different directions, and only one of those reversals carries enough weight to signal where institutional money is actually heading.

U.S. bitcoin ETFs posted $120.24 million in net outflows on Wednesday, extending their losing streak to a second session.

US spot Bitcoin ETFs saw $120.2M in net outflows on September 9 while Ethereum ETFs gained $34.75M, led by BlackRock's ETHB staking product.