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ETFs aren’t just buying crypto — they’re changing how supply is absorbed. On Sept. 22, Spot ETFs recorded positive flows: $BTC +$364.40M, $ETH +$71.34M, and $SOL +$28.87M. Cumulative inflows reached $56.52B, $13.59B, and $1.47B respectively. As capital expands from $BTC → $ETH → $SOL, this could signal capital rotation and improving market breadth. The bigger question: as supply continues to be absorbed, how much new capital will be needed to trigger real price discovery?