Fed assets rise to $6.74 trillion, but no new crypto liquidity inflow
- —Fed assets at $6.74 trillion: up $34.15 billion in a week and $1.35 trillion in a year
- —In the New York Fed's September 15 to October 14 plan, RMP purchases are listed as "none"
- —The bank reserve rate was raised to 3.90% as of September 16
- —Spot bitcoin ETF outflows: $450.4 million on September 15 and $295.9 million on September 16
Why it matters: A growing Fed balance sheet does not equal liquidity flowing into risk assets: RMP is not QE, so ETF flow dynamics and the rate path matter more for bitcoin.
Source: TokenPost