Encouraging CME & ETF Flows Suggest ETH Rotation Could Be Approaching

In this Crypto Comments video from November 2024, Sean Farrell explores a bitcoin and ethereum outlook after the U.S. election, with a focus on how changing regulatory expectations and policy developments might be reflected in crypto markets. He reviews the post-election shift in perceived U.S. regulatory risk, discusses the conversation around a potential strategic U.S. bitcoin reserve, and highlights the roles of key political actors such as Rick Scott and John Thune in shaping that policy path. Farrell also walks through recent behavior in bitcoin dominance, stablecoin supply growth, U.S. spot demand via the Coinbase premium, and flows into spot bitcoin exchange‑traded funds.

The video then examines whether encouraging CME and ETF flows into Ethereum (ETH) could signal an eventual rotation in institutional positioning between bitcoin (BTC) and ETH. Farrell analyzes changes in ETH open interest and basis on CME, early patterns in U.S.-listed ETH ETF flows, and what these might suggest about traditional finance participation. He further compares ETH to factors in equity markets, using size vs. quality and small-cap tech vs. S&P 500 ratios, and touches on Solana (SOL), MicroStrategy (MSTR), and select smaller tokens as context. Full charts, data tables, and Farrell’s detailed interpretation of the ETH/BTC relationship are available in the report and video for subscribers.

In this Crypto Comments video from November 2024, Sean Farrell explores a bitcoin and ethereum outlook after the U.S. election, with a focus on how changing regulatory expectations and policy developments might be reflected in crypto markets. He reviews the post-election shift in perceived U.S. regulatory risk, discusses the conversation around a potential strategic U.S. bitcoin reserve, and highlights the roles of key political actors such as Rick Scott and John Thune in shaping that policy path. Farrell also walks through recent behavior in bitcoin dominance, stablecoin supply growth, U.S. spot demand via the Coinbase premium, and flows into spot bitcoin exchange‑traded funds.

The video then examines whether encouraging CME and ETF flows into Ethereum (ETH) could signal an eventual rotation in institutional positioning between bitcoin (BTC) and ETH. Farrell analyzes changes in ETH open interest and basis on CME, early patterns in U.S.-listed ETH ETF flows, and what these might suggest about traditional finance participation. He further compares ETH to factors in equity markets, using size vs. quality and small-cap tech vs. S&P 500 ratios, and touches on Solana (SOL), MicroStrategy (MSTR), and select smaller tokens as context. Full charts, data tables, and Farrell’s detailed interpretation of the ETH/BTC relationship are available in the report and video for subscribers.

checkout-thomas-lee image
checkout-logo image

Become a Member To Access Fundstrat Research

Fundstrat Direct gives individual investors access to Tom Lee's research, previously only available to banks and hedge funds.

Annual plans

Fundstrat AI is included with every annual plan.
Macro + Fundstrat AI
Evidence-based market intelligence from our team of renowned analysts — with Fundstrat AI included.
Save 20%
$274 $219/mo · $2,630 billed annually
You save $658/yr ($55/mo)
Includes $20 of AI tokens every month. Usage beyond that is billable.
Start 30-Day Free Trial
  • ✓

    Fundstrat AI included

  • ✓ Near-daily macro strategy from Tom Lee & team
  • ✓ Real-time macro market alerts
  • ✓ Curated stock lists and sector allocation tools
  • ✓ Live webinars (macro)
  • ✓ Fundstrat AI Desk — ask the markets anything
  • ✓ AI charts & stock scoring benchmarked against Mark Newton's model
Crypto + Fundstrat AI
Clear-cut insights into the cryptocurrency market, grounded in Fundstrat's macro framework — with Fundstrat AI included.
Save 20%
$139 $111/mo · $1,334 billed annually
You save $334/yr ($28/mo)
Includes $20 of AI tokens every month. Usage beyond that is billable.
Start 30-Day Free Trial
  • ✓

    Fundstrat AI included

  • ✓ Near-daily crypto strategy from Fundstrat team
  • ✓ Real-time crypto market alerts
  • ✓ Curated crypto picks and crypto equities lists
  • ✓ Live webinars (crypto)
  • ✓ Fundstrat AI Desk — ask the markets anything
  • ✓ AI charts, chartbooks & automated client communications

Monthly plans

Macro + Fundstrat AI
Everything in Macro, plus Fundstrat AI — instant insights on your portfolios and stocks, charts on command, and stock scoring benchmarked against Mark Newton's model.
$274/mo
Includes $20 of AI tokens every month. Usage beyond that is billable.
Start 30-Day Free Trial
  • ✓ Everything in Macro
  • ✓ AI insights on your portfolios, stocks & investment activity
  • ✓ Stock scoring benchmarked against Mark Newton's model
  • ✓ Fundstrat AI Desk — ask the markets anything
  • ✓ AI charts, chartbooks & automated client communications
Macro
Evidence-based market intelligence from our team of renowned analysts.
$249/mo
Start 30-Day Free Trial
  • ✓ Near-daily macro strategy from Tom Lee & team
  • ✓ Real-time macro market alerts
  • ✓ Curated stock lists and sector allocation tools
  • ✓ Live webinars (macro)
Crypto + Fundstrat AI
Everything in Crypto, plus Fundstrat AI — instant insights on your portfolios and holdings, charts on command, and digital-asset scoring benchmarked against our models.
$139/mo
Includes $20 of AI tokens every month. Usage beyond that is billable.
Start 30-Day Free Trial
  • ✓ Everything in Crypto
  • ✓ AI insights on your portfolios, holdings & investment activity
  • ✓ Fundstrat AI Desk — ask the markets anything
  • ✓ AI charts, chartbooks & automated client communications
Crypto
Clear-cut insights into the cryptocurrency market, grounded in Fundstrat's macro framework.
$119/mo
Start 30-Day Free Trial
  • ✓ Near-daily crypto strategy from Fundstrat team
  • ✓ Real-time crypto market alerts
  • ✓ Curated crypto picks and crypto equities lists
  • ✓ Live webinars (crypto)

Why Join Fundstrat Direct?

Fundstrat Direct helps you invest confidently with the same research banks and hedge funds use to navigate the market.

Daily Strategy Icon

Daily Strategy from Tom Lee & Team

Stay ahead of consensus with daily updates on key developments & catalysts and opportunities ahead.

Real-Time Market Alerts Icon

Real-Time Market Alerts

Analysis on market-moving events and actionable opportunities delivered instantly from us to you.

Curated Stock Lists Icon

Curated Stock Lists

Choose the portfolio that best suits your investment style, preferred asset class, and time horizon.

Monthly Market Update & Top Ideas Webinar Icon

Monthly Market Update & Top Ideas Webinar

Attend engaging webinars with Tom & team featuring our top ideas and near-term market outlook.

Daily Technical Strategy Icon

Daily Technical Strategy

Receive tactical opportunities, actionable signals, and fundamental analysis from our proven research team.

Live Analysis on Your Holdings Icon

Live Analysis on Your Holdings

A monthly webinar featuring live analysis on member-submitted stocks and questions.

Events

Trending crypto assets in our research