U.S. spot BTC ETF sees two consecutive days of heavy buying: on 9/21 net inflows of about $999 million, and on 9/22 about $715 million more (Farside). Over the same two days, spot ETH ETFs totaled about 2.70 + 1.62 billion. After major outflows in mid-month on 9/15–16, this is consecutive buying after the reversal—not an ongoing add all month long.
Who this is useful for: People assessing whether institutional spot channels have returned. On 9/22, IBIT, FBTC, and MSBT all recorded positive inflows, with no single fund clearly dragging down the overall total.
Note: Inflows ≠ tomorrow’s rally. At the time of writing, spot is around $855k, below an earlier peak of about $870k; price and capital may not be in sync. If the next trading day flips back to net outflows, or if prices stay weak and inflows can’t keep up, this “demand has returned” interpretation will fail.
$BTC $ETH｜Source: Farside｜Not investment advice
Who this is useful for: People assessing whether institutional spot channels have returned. On 9/22, IBIT, FBTC, and MSBT all recorded positive inflows, with no single fund clearly dragging down the overall total.
Note: Inflows ≠ tomorrow’s rally. At the time of writing, spot is around $855k, below an earlier peak of about $870k; price and capital may not be in sync. If the next trading day flips back to net outflows, or if prices stay weak and inflows can’t keep up, this “demand has returned” interpretation will fail.
$BTC $ETH｜Source: Farside｜Not investment advice