Bitcoin exchange net outflow of $2.52 billion, spot ETF net inflow of $1.25 billion in three days

Strive launches T-Strive Digital Credit Preferred Income ETF, investing at least 80% of its assets in preferred stocks and related derivatives issued by Bitcoin Treasury Company. The initial allocation of the actively managed ETF mainly consists of Strategy's STRC preferred stock and Strike's SATA preferred stock, with roughly equal initial weights, and dynamically adjusted based on yield, valuation, liquidity, and financing environment. Funds can strategically leverage their preferred stocks when they break through, using total return swaps and selling put options at an acceptable price.

The U.S. Commodity Futures Trading Commission updated its FAQ on crypto assets, making it clear that registered derivatives dealers can treat compliant client capital investment products such as token money market fund shares as traditional forms of assets, and recognize relevant entities to use distributed ledger technology such as blockchain to save records to meet federal record keeping requirements. (Source: US Commodity Futures Trading Commission)

Bitwise and Franklin Templeton's XRP related ETF clients collectively purchased $22.65 million in XRP, with XRP ETF assets under management of $613.8 million and $383.5 million, respectively.

Backpack CEO Armani Ferrante stated that the goal is to bring the entire stock market to Solana, implementing a 1:1 correspondence between tokens and real shares through an API, and supporting free circulation between on chain and brokerage accounts. Users can purchase tokens on Solana and transfer them to brokerage accounts such as Backpack, Fidelity, Robinhood, etc. At present, there are about 200 tokenized stock targets on the entire chain, and the next step will be to expand to 10000.

From September 22nd to 24th, the four major exchanges of Binance, Coinbase, Kraken, and Bitfinex collectively had a net outflow of approximately $2.52 billion in Bitcoin, of which $1.57 billion flowed out on September 22nd, with Binance accounting for $1.19 billion. During the same period, spot Bitcoin ETFs continued to experience net inflows, with inflows of $714.7 million on September 22, $346.9 million on September 23, and $190.6 million on September 24, totaling approximately $1.25 billion over three days. The total net assets of the ETF reached $108.92 billion. From September 21st to 25th, the net inflow of US spot Bitcoin ETFs was $2.39 billion. (Source: AMBCrypto)