Second day after nearly a billion: spot BTC ETF yesterday +715$ m. This is already the fourth straight green day. $BTC is holding around 86–87 000$.
Numbers. SoSoValue, Sept 22: net +715$ m. IBIT +350$, FBTC +257$. NAV spot BTC ETF ≈110,84$ b — about 6.4% of $BTC’s capitalization. Cumulative net ≈56,875$ b. At the same time, spot ETH ETF +162$ m (ETHA +88.13$) — the third green day. Over four sessions through Sept 22, the spot BTC ETF pulled in roughly 2$ b. $BTC briefly went back above 87 000$ — for the first time since January.
My take: yesterday’s +998,9$ m could have been a one-day flush. Today’s +715$ m closes that argument — the flow hasn’t collapsed. Two big funds right away, plus $ETH is also in the streak. This isn’t only about squeeze shorts after the bounce from 75k anymore. The question to the market: does the streak hold into the new week, or after 2$ b over four days will profit-taking start.
Question: $BTC at 87k across four green ETF days — do we expect a fifth inflow or a pause after the volume?
$BTC $ETH #Bitcoin #ETF
Numbers. SoSoValue, Sept 22: net +715$ m. IBIT +350$, FBTC +257$. NAV spot BTC ETF ≈110,84$ b — about 6.4% of $BTC’s capitalization. Cumulative net ≈56,875$ b. At the same time, spot ETH ETF +162$ m (ETHA +88.13$) — the third green day. Over four sessions through Sept 22, the spot BTC ETF pulled in roughly 2$ b. $BTC briefly went back above 87 000$ — for the first time since January.
My take: yesterday’s +998,9$ m could have been a one-day flush. Today’s +715$ m closes that argument — the flow hasn’t collapsed. Two big funds right away, plus $ETH is also in the streak. This isn’t only about squeeze shorts after the bounce from 75k anymore. The question to the market: does the streak hold into the new week, or after 2$ b over four days will profit-taking start.
Question: $BTC at 87k across four green ETF days — do we expect a fifth inflow or a pause after the volume?
$BTC $ETH #Bitcoin #ETF