Monday, IBIT created $205.9 million. Tuesday it redeemed $201.2 million. Farside Investors printed the September 1 row at −$236.5 million net, because Fidelity’s FBTC redeemed $43.7 million on the same sheet and Bitwise’s BITB created $8.4 million. Two redeemers, one creator. The largest fund did about 85 percent of the net.
The Monday cell, with the sign flipped
Monday’s Bitcoin row was +$216.7 million, and IBIT supplied $205.9 million of it. Add Tuesday’s IBIT cell to Monday’s and you get +$4.7 million over two cash sessions. The whole complex is −$19.8 million across those same two days. Friday, August 28, had already printed −$201.9 million. The last three cash sessions are red, green, red, and IBIT switched sign each time.
Farside’s bundled card matches the live table: −236.5 net, IBIT −201.2, FBTC −43.7, BITB 8.4. ARK 21Shares’ ARKB, Invesco’s BTCO, Franklin’s EZBC, Valkyrie’s BRRR, VanEck’s HODL, WisdomTree’s BTCW, Morgan Stanley’s MSBT, Grayscale’s GBTC, and the Grayscale mini all printed 0.0. BlockBeats, reading the same FarsideUK card, matches $236.5 million and the three non-zero cells.
The two red cells sum to $244.9 million. Subtract BITB and you get $236.5 million. FBTC is about 18 percent of the net. BITB is the only green cell, and it is small next to IBIT’s redemption.
BlackRock’s IBIT product page put Tuesday’s NAV at $43.73, down $1.03 or 2.30 percent, with net assets about $60.23 billion and 1.377 billion shares outstanding. The CME CF Bitcoin Reference Rate New York Variant on that page printed $77,242.69, about $196 under Crypto.com’s UTC 1D settle of $77,439.01. Farside’s lifetime total sits at $54.68 billion.
A creation is an authorized participant delivering cash (or bitcoin) for new shares. A redemption is the reverse: shares come back, and bitcoin leaves the trust. Tuesday’s IBIT cell is that reverse, in almost the same size as Monday’s create. It is a two-day wash for the ticker that has carried most of the late-August tape, including the $606.3 million August 20 session.
Ether stayed green on the staked wrapper
Farside’s ETH table shows +$8.6 million, down from Monday’s $87.6 million. BlackRock’s ETHA created $0.0. The staked sibling, iShares Staked Ethereum Trust ETF (ETHB), created $11.2 million. Fidelity’s FETH created $4.8 million. Grayscale’s ETHE redeemed $7.4 million. The other six ETH funds printed 0.0. The ETH total card matches 8.6. Combined Bitcoin plus ether on Tuesday is −$227.9 million.
ETHA had been the usual leader. On Monday it created $59.9 million. On Tuesday the unstaked BlackRock wrapper sat out and the staked one carried the slim green. That is a product mix on one issuer, not a read of who is buying ether. Ethereum settled Tuesday at $2,418.59 on Crypto.com, after Monday’s $2,467.90.
Spot Solana ETFs, on Farside’s SOL table, added $8.9 million. Bitwise’s BSOL created $6.2 million and Fidelity’s FSOL $2.7 million. That offset is modest next to a $236.5 million Bitcoin redemption.
Tuesday settled $77,439
Settled 1D candles on Crypto.com now include Tuesday. Monday settled $78,587.39. Tuesday settled $77,439.01. Ethereum settled $2,418.59.
Wednesday’s candle is still forming. BTC/USDT last traded near $76,872 as of about 12:19 UTC on September 2 on Crypto.com Exchange, inside a September 2 range so far of $76,255.53–$77,798.99. That last is intraday, not a close. The September 2 1D candle stays open until 00:00 UTC. Ethereum traded near $2,385 at the same snapshot.
The chart below pairs settled daily closes, plus Wednesday’s still-forming candle, with the Crypto Fear & Greed Index. Price left the $80,000s last week, settled $77,439 on Tuesday, and has spent Wednesday’s open hours under that print.
BTC price vs the Crypto Fear & Greed Index, August 26–September 2. Tuesday settled $77,439. Wednesday’s still-open candle is an intraday read as of ~12:19 UTC, not a settled close. Sources: Crypto.com Exchange 1D candles and alternative.me.
The composite read 62 (Greed) on Monday, 69 on Tuesday, and prints 63 this morning. Still Greed, six points off Tuesday, while the coin sits under Tuesday’s settle.
Authorized participants already booked Tuesday, redemption included. Wednesday’s last will keep moving until 00:00 UTC. None of this is a recommendation.
