ETF bloodbath continues.
Sep 16 flows:
$BTC ETFs: -$295.9M (IBIT -$144.1M)
$ETH ETFs: -$224.1M (ETHA -$110.0M)
Combined with Sep 15, that's -$746M $BTC and -$366M $ETH in 48 hours.
Fed cuts rates for first time since 2023, yet institutional money is running for the exit.
Rate path loosened. ETF demand didn't follow.
For those tracking real liquidity: flow > price action. The bid isn't there.
Sep 16 flows:
$BTC ETFs: -$295.9M (IBIT -$144.1M)
$ETH ETFs: -$224.1M (ETHA -$110.0M)
Combined with Sep 15, that's -$746M $BTC and -$366M $ETH in 48 hours.
Fed cuts rates for first time since 2023, yet institutional money is running for the exit.
Rate path loosened. ETF demand didn't follow.
For those tracking real liquidity: flow > price action. The bid isn't there.
