CryptoQuanta founder Ki Young Ju reported that the U.S. is regaining dominance in terms of bitcoin ownership. Its ratio compared to other countries is increasing, driven by demand for spot ETFs.
According to a chart of U.S. reserve ratios provided by Ju, volumes have increased over the past year but have not yet returned to levels seen during March.
In a separate post on X, Ki Young Ju reported that demand for spot bitcoin ETFs has rebounded, with the 30-day net change in total investments turning positive.
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According to preliminary data from Farside Investors, a total inflow of $106 million was recorded on September 25. This marks the fifth consecutive trading day that investment products have seen inflows, bringing the total of all spot ETFs to nearly $18 billion since their launch in January.
BlackRock’s IBIT dominated, with the largest monthly inflow of $184.4 million. However, there were outflows from Fidelity’s FBTC and Ark’s ARKB fund, which lost $33.2 million and $47.4 million, respectively. A small inflow of $2.1 million was recorded for Bitwise’s BITB, but the rest, including Grayscale, had zero flows.
Veteran trader Peter Brandt noted that bitcoin remains in a series of lower highs and lower lows. He added that it will need to break the July highs of just over $70,000 to change this trend.
