On Monday (9/21), for this round, I’d rather first look at product flow than just focus on the order book and shout slogans.
Farside’s latest data: U.S. spot $BTC ETF net inflow for the day is about $617.6M; $ETH ETFs about $147.1M. On the same day, the Nasdaq closed up about 2.3%, coming close to the record high from June 1; $BTC it also regained the level of around $86k—risk-on is a resonance, not a one-line miracle.
Take it apart to look at it (Farside): $BTC side ARKB about +$289.1M, FBTC about +$238.8M, MSBT about +$61.7M; $ETH side FETH about +$73.0M, Grayscale Mini ETH about +$59.3M. Let me be honest and add one more thing: the boxes for IBIT, ETHA, etc. are still “-”, and the totals haven’t included these two biggest ones yet—so the final numbers may still change.
What to watch is the pace: midweek last week was still dumping (9/15 $BTC ETF about -$450.4M). By Friday (9/18) $BTC it rebounded about +$433.0M / $ETH about +$143.7M of inflows. Then on Monday there were positive net inflows on both sides again. This isn’t “all set”—it’s just that funds are using regulated channels to cast votes on positioning.
In U.S. stocks, the AI weight has lifted the index again—S&P 500 up about +1.5% and Nasdaq up about +2.3%. The resilience of “civilization-level” assets often isn’t the kind of one-night collapse implied by bearish narratives.
Not investment advice. Data is subject to Farside’s daily disclosures.