September 2: bitcoin:native spot ETF total holdings rebounded to 1,259,084.11 BTC, with a net increase of 1,637.20 BTC on the day, partially recovering the outflows from September 1. However, the recovery momentum is still not strong enough. On September 1, the single-day net outflow was 3,153.48 BTC, and the inflow on September 2 only recovered about half of that. So, the past two days seem more like funds tugging back and forth at high levels, rather than returning to the steady accumulation trend we saw at the end of August. In the first three trading days of this week, the cumulative net inflow was 1,083.06 BTC. Over the past seven trading days, the cumulative net inflow was 8,828.45 BTC, indicating that short-term capital flow is still positive, but the advantage has significantly narrowed, and the intensity is nowhere near the last week of August. From a structural perspective, the BTC inflow on September 2 was relatively concentrated. The inflow wasn’t a broad-based recovery but was mainly supported by a few products, especially BlackRock. @Gate Crypto, US stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all in one place for trading.