Bitcoin, Ethereum, Blockchain ETFs Relative Strength Rank and Trend Report: Dollar Rises, Crypto Pulls Back — Gold Holds Grade B Status
Other Macro Assets Take the Lead as Bitcoin ETFs Soften
ETF Relative Strength & Trend Report
Comparing Crypto to Everything Else
This week’s report takes a step back to compare the blockchain and crypto ecosystem—a mix of crypto-linked equities, spot bitcoin and ether ETFs, and corporate-treasury exposure—against broader macro investment alternatives such as stock indexes, bonds, the U.S. dollar, and precious metals.
Using our Relative Strength Rank & Trend modeling framework, we gauge how each ETF stacks up over multiple timeframes—from multi-month trends down to recent weeks. The method highlights whether near-term momentum is improving or weakening relative to the mid-term “sweet-spot” trend, with Money Flow as a confirming indicator.
While the macro side of the ledger (stocks, bonds, gold, and the dollar) has stayed remarkably stable following the Fed’s late-October meeting, the crypto ecosystem has clearly cooled. Outflows from bitcoin and ethereum ETFs show up in this week’s rankings as falling relative-strength readings and negative Chaikin Money Flow (CMF). Still, a few pockets of strength remain—notably in gold and longer-duration bonds, and even in a niche crypto-treasury fund that’s seeing early inflows.
What follows breaks down both sides of that divide—crypto vs. macro—using the same disciplined RSR & Trend framework behind every Stock Cheat Sheets model.
How we grade (plain English)
We combine relative-strength ranks over multiple timeframes with trend checks (10-over-40 day and week EMAs) and money flow (Chaikin Money Flow, CMF).
A-grade needs strong money inflows (CMF ≥ +0.20), both trends up, and top-tier ranks.
B-grade accepts CMF ≥ +0.10 and at least one trend up, with the short-term ranks not worse than the intermediate block.
Watch Closely is a near-miss that still shows positive money flow, one trend leaning up, and solid short-term ranks.
No Grade: Assets fail to meet minimum trend, money flow, and RS rank trend improvement criteria
