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ETF IS CHANGING CRYPTO’S MARKET STRUCTURE On Sept. 22, Spot ETF flows remained positive: $BTC+$364.40M|$ETH+$71.34M|$SOL +$28.87M But the signal is inflows: $BTC $56.52B|$ETH $13.59B|$SOL $1.47B. Prices: $BTC $86.24K|$ETH $2.75K|$SOL $118.01. One day of strong inflows can be capital moving. But when flows persist from $BTC→ $ETH→$SOL. ETFs may not push prices—they are changing how markets absorb supply. The question:as supply is absorbed,how much more capital will trigger true price discovery?