Bitcoin/ Ethereum Spot ETF Flows: 23rd June 2025

🟢Bitcoin ETFs: $350.43M net inflows

🟢Ethereum ETFs: $100.78M net inflows

Oil's price has fully retraced its gains from geopol tensions [ww3 has been cancelled]

Polymarket TVL has a found a floor around $100m

Trump: Israel and Iran fighting so long and so hard that they don't know "what the fuck they're doing". [ww3 has been cancelled, send everything]

🚨Powell: We could see inflation come in not as strong as expected, if that's the case, we would suggest cutting sooner. [Send everything!]

🚨QQQ (NASDAQ ETF) ATH! [Get ready for the summer festival of nuclear short squeezes]

🚨S&P 500 closes at all time high! [July will be fireworks]

🚨Chinese PMI data for June:
*Manufacturing: 49.5 -> 49.7. As expected, but still the 3rd consecutive month of contraction
*Services sector: 50.3 -> 50.5. Highest level since March, thanks to 'deal with the US', and ongoing stimuli to boost domestic demand and curb deflation. [more stimulus coming, send everything]

No S&P 500 ATH in Euros yet [still a long way to go]

Bitcoin treasuries of public companies [the race is on]

🚨Goldman's Rich P:
*Month-end and quarter-end ahead, in theory should bring substantial global equity supply. Unclear how much has already been pre-traded or whether offsetting flows will come from the US.
*Regardless of today, the path forward is clear, this is statistically one of the best seasonal periods of the year. But historically, the July rally has been almost entirely a large-cap phenomenon
*The main storyline remains the progress toward the July 9th trade deadlines
*Base case: delays, maybe a few examples made (Japan?), then last minute extensions. [BTFD]

JPM trading desk: We think the market setup is bullish and expect a wave of new all-time highs as we gain clarity on the budget/tax bill and trade policy entering earnings season where expectations are too low

Deutsche: the market being back at the highs raises the risk of renewed escalations on tariffs.

🚨US Supreme Court has rejected Coinbase user James Harper's appeal against the IRS.
*Harper argued that the IRS violated his privacy rights under the Fourth Amendment by asking Coinbase for user data.
*The court dismissed the appeal without explanation.
*This means the IRS is still allowed to access user data from 3rd-party platforms like Coinbase. [Tax dodgers in disbelief!]

Worst case scenario is another taco 🌮: Trade FUD until July 9, then last minute extensions and rally toward new ATHs. BTFD, ignore macro FUD. -@bullcase insider

President Trump just issued a handwritten note to Fed Chair Powell. 1% rates coming? [BTFD]

The first half of July has consistently been the best half-month of the year since 1950. July has histrically been a good month for BTC overall too. [BTFD]

🚨Bitcoin balances at OTC desks have plunged

Bitcoin/ Ethereum Spot ETF Flows: 2nd July 2025

🟢Bitcoin ETFs: $407.8M net inflows

🔴Ethereum ETFs: -$1.9M net outflows

🚨GS most shorted stocks index, Russell keep pushing higher. [Load the short squeeze narrative]