According to @lookonchain, on Nov 20, 2025, 10 Bitcoin ETFs posted net inflows of +1,840 BTC (+$166.3M), with Grayscale Bitcoin Mini Trust taking in 1,505 BTC (+$136.02M) and holding 46,978 BTC ($4.25B) (source: @lookonchain, X, Nov 20, 2025). Based on the reported figures, Grayscale drove roughly 82% of BTC ETF net inflows, leaving about +335 BTC (+$30.28M) across other products (source: @lookonchain, X, Nov 20, 2025; calculations based on source data). According to @lookonchain, 9 Ethereum ETFs recorded net inflows of +12,986 ETH (+$38.57M), while Grayscale Ethereum Mini Trust alone added 20,011 ETH (+$59.43M) and holds 699,753 ETH ($2.08B) (source: @lookonchain, X, Nov 20, 2025). This implies non-Grayscale ETH ETFs saw a collective net outflow of approximately 7,025 ETH (-$20.86M) on the day, indicating demand concentration in Grayscale’s product set (source: @lookonchain, X, Nov 20, 2025; calculations based on source data).

According to @lookonchain, 10 Bitcoin ETFs recorded a combined net inflow of +2,384 BTC, equivalent to +$92.25 million on Nov 7. Source: @lookonchain. According to @lookonchain, BlackRock reported inflows of 922 BTC (+$66.18 million) and now holds 797,014 BTC valued at $79.78 billion. Source: @lookonchain. According to @lookonchain, 9 Ethereum ETFs posted a net inflow of +10,789 ETH, totaling +$35.86 million on the day. Source: @lookonchain. According to @lookonchain, Grayscale Ethereum Mini Trust saw inflows of 7,004 ETH (+$23.28 million) and holds 719,394 ETH valued at $2.39 billion. Source: @lookonchain.

According to @lookonchain, 10 Bitcoin ETFs posted net outflows of 3,693 BTC totaling $399.2M on Oct 30, 2025, source: @lookonchain on X on Oct 30, 2025. Fidelity recorded outflows of 1,482 BTC worth $160.2M and currently holds 205,365 BTC valued at $22.2B, source: @lookonchain on X on Oct 30, 2025. In contrast, nine Ethereum ETFs saw net inflows of 5,135 ETH totaling $19.51M on the day, source: @lookonchain on X on Oct 30, 2025. Grayscale Ethereum Mini Trust took in 18,101 ETH worth $68.78M and now holds 743,453 ETH valued at $2.83B, implying other ETH ETFs collectively had net outflows of roughly 12,966 ETH based on the same dataset, source: @lookonchain on X on Oct 30, 2025.

According to @EmberCN, on Sep 17, 2025 the Grayscale Ethereum Mini Trust ETF address transferred 214,400 ETH to 67 new wallets in equal 3,200 ETH tranches worth about 967 million dollars. Source: https://twitter.com/EmberCN/status/1968141623600222368; https://intel.arkm.com/explorer/entity/grayscale Each 3,200 ETH lot equals 100 Ethereum validators at 32 ETH per validator, a standard Proof of Stake unit size. Source: https://ethereum.org/en/staking The author suggests this pattern looks like preparation for PoS staking and notes that US spot ETH ETFs do not have staking approval. Source: https://twitter.com/EmberCN/status/1968141623600222368 There is no confirmation of staking in the cited on-chain transfers, only distributions across new wallets are visible. Source: https://intel.arkm.com/explorer/entity/grayscale If these wallets later send funds to the Ethereum Beacon chain deposit contract 0x00000000219ab540356cBB839Cbe05303d7705Fa, the 3,200 ETH per wallet would correspond to 100 validators per wallet and up to 6,700 validators in total, contingent on actual deposits. Source: https://ethereum.org/en/staking/deposit-contract; https://ethereum.org/en/staking Trading takeaway: monitor these 67 wallets and the Beacon deposit contract for follow-through deposits to gauge potential staking flows and any related liquidity tightening signal on ETH. Source: https://intel.arkm.com/explorer/entity/grayscale; https://ethereum.org/en/staking/deposit-contract