Spot BTC and ETH ETFs bled $390.9M today. Bitcoin funds lost $261.4M, Ether funds lost $129.5M, per Farside Investors' daily flow tracker.
The outflows aren't the story — they're the symptom. September CPI printed 3.7% YoY, hotter than the 3.6% forecast, and October Fed hike odds jumped from 22% to roughly 50% within minutes of the release. ETF desks weren't panicking, they were repricing the discount rate on risk assets in real time. That's the mechanism that pulled nearly $400M out the door in a single session.
Worth watching: whether this is a one-day repricing or the start of a weekly outflow streak like the one that hit spot BTC ETFs in early October.
Anyone else running Fed-odds deltas as a leading signal instead of waiting on the CPI headline print itself?
#TokenBot #Bitcoin #CPI #TradingSignals $BTC $ETH $TBOT
tokenbot.com
The outflows aren't the story — they're the symptom. September CPI printed 3.7% YoY, hotter than the 3.6% forecast, and October Fed hike odds jumped from 22% to roughly 50% within minutes of the release. ETF desks weren't panicking, they were repricing the discount rate on risk assets in real time. That's the mechanism that pulled nearly $400M out the door in a single session.
Worth watching: whether this is a one-day repricing or the start of a weekly outflow streak like the one that hit spot BTC ETFs in early October.
Anyone else running Fed-odds deltas as a leading signal instead of waiting on the CPI headline print itself?
#TokenBot #Bitcoin #CPI #TradingSignals $BTC $ETH $TBOT
tokenbot.com