01 / Capital signal
Wrapper demand monitor
BTC and ETH remain visible together. One timeline updates both panels; each chart retains its own labelled scale.
BTC monthly net flow
monthly inflowmonthly outflowcumulative
ETH monthly net flow
monthly inflowmonthly outflowcumulative
Recent flow tape
reported US spot-fund net flow, $M · aligned reporting dates
Latest combined—
Latest 5 days—
8 reported days—
BTC recent flows
latest eight reported days
| Date | BTC net flow |
|---|
ETH recent flows
latest eight reported days
| Date | ETH net flow |
|---|
BTC fund contribution
cumulative net flow since launch
ETH fund contribution
cumulative net flow since launch
02 / Product structure
Which holdings have dated evidence
Supported subsets include native assets with retained issuer evidence on one observation date. Complete market holdings and market concentration are unavailable while coverage is incomplete. Open each fund to inspect historical claims and exclusions.
Asset footprint
click an asset to carry it into the fund directory
| Underlying | Funds | FFI | Dated subset units | Subset coverage | Largest in subset |
|---|
Share of evidenced cohort
same-date disclosed subset; not market concentration
03 / Thesis register
Separate evidence from interpretation
The author’s macro thesis is retained verbatim in substance, but clearly separated from computed ETF signals.
Mega-IPO liquidity drain — a working thesis to check against future flowsAuthor note / not a computed signal
Precedent
The SpaceX IPO (Jun 2026, approximately $75B — the largest listing ever) pulled liquidity out of crypto. This is the pattern to watch.
Prediction
Anthropic (Oct 2026) and OpenAI / ChatGPT (late 2026 → perhaps 2027) may list at roughly SpaceX scale. Much capital has already rotated privately, but more may drain from crypto as listing dates approach.
Recovery
Once those mega-IPOs are complete, liquidity may rotate back into crypto and the ETFs around late 2026 / early 2027.
Discipline
This may be wrong. Its purpose is to create a dated, falsifiable thesis that can be checked against the monthly and daily flow evidence above.
04 / Product directory
Inspect the complete fund universe
Filters stay on the page, columns remain sortable, and each row opens a compact detail view. Default page size is 100.
Net flows cover the BTC and ETH US spot-fund sets: Farside BTC evidence ↗ · Farside ETH evidence ↗. AUM values are approximate research snapshots and are not summed where qualitative ranges are used. Holdings include legacy recorded counts and estimates; per-record verification is explicitly labelled. Blank holdings can mean unavailable disclosure or a derivative wrapper. Per-fund dates are shown only where recorded; the catalog review date is not a holdings observation date. FFI describes the underlying asset, not the legal or operational risk of the fund itself.