Coinbase: ETFs bought $6.4B of bitcoin since August, treasuries just $1.5B
- —ETFs took in $6.4B since August versus $1.5B for corporate treasuries
- —In H1 companies bought $14.5B of BTC while ETFs sold nearly $5B
- —Glassnode: about 2.1M BTC changed hands between $87.5K and $91.7K
- —Markets price nearly 80% odds of a Fed rate hike in December
Why it matters: Bitcoin demand has shifted from treasuries to ETFs, but 2.1M coins bought near $87–92K could cap any rally back to that zone.
Source: Comparic