US spot ETFs are at +2,312 BTC YTD, after absorbing 85,439 BTC since the July 13 low of -83,127 BTC.

Q4 has split hard before. In 2024, ETFs added another 197,194 BTC from this point. In 2025, flows peaked on October 9 and ended the year 28,067 BTC lower.

🤔 Which Q4 do we get?

Written by IT Tech