{"id":13624,"date":"2026-09-23T15:50:56","date_gmt":"2026-09-23T15:50:56","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13624"},"modified":"2026-09-23T15:50:56","modified_gmt":"2026-09-23T15:50:56","slug":"coin-metrics-revises-19-months-of-etf-wallet-data-but-by-how-much","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13624","title":{"rendered":"Coin Metrics revises 19 months of ETF wallet data but by how much?"},"content":{"rendered":"<p><\/p>\n<div data-cs-editorial-figure-scope=\"\" data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>Coin Metrics corrected more than 19 months of Bitcoin ETF-related on-chain data, leaving users of its identified-wallet series to reassess any analysis built on the affected history.<\/p>\n<p>The Sept. 22 status notice says the correction covers Bitcoin data from Feb. 7, 2025 through Sept. 17, 2026. Coin Metrics listed 35 affected daily series and 25 hourly series, including ETF deposits, withdrawals, transfer counts and transactions. The daily list also included net-flow and supply measures.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Bitcoin ETFs just lost $463 million as the Fed puts BTC at risk of losing $75,000<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>These are provider-derived observations of activity involving blockchain addresses Coin Metrics identifies as ETF-owned, rather than official ETF share-creation, redemption or fund-accounting records.<\/p>\n<p>The notice does not state what caused the recalculation. Moreover, it gives no before-and-after values, aggregate difference or percentage change; does not say whether the revisions generally raised or lowered the figures; and does not identify the largest adjustment or any affected research.<\/p>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-565183 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-0af666ac-a42a-41a6-b6fd-9d7ba448e854.png\" alt=\"Infographic showing Coin Metrics' Bitcoin ETF data correction window from Feb. 7, 2025 to Sept. 17, 2026, covering 35 daily and 25 hourly series, with the size of the change undisclosed.\" width=\"1122\" height=\"1402\"\/><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"lazyload aligncenter wp-image-565183 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-0af666ac-a42a-41a6-b6fd-9d7ba448e854.png\" alt=\"Infographic showing Coin Metrics' Bitcoin ETF data correction window from Feb. 7, 2025 to Sept. 17, 2026, covering 35 daily and 25 hourly series, with the size of the change undisclosed.\" width=\"1122\" height=\"1402\"\/><\/p>\n<h2>What the correction can change<\/h2>\n<p>Coin Metrics&#8217; deposit methodology defines an ETF deposit as assets sent during an interval to an address the company identifies as ETF-owned. Dollar-denominated deposit flows are calculated from native-unit flows using its PriceUSD metric.<\/p>\n<p>Its withdrawal methodology counts assets leaving the control of identified ETF addresses. For Bitcoin withdrawals, Coin Metrics excludes the effect of change outputs, so coins returned to the same fund cluster are not counted as a separate inflow.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" data-newsletter-pending-label=\"Joining\u2026\" data-newsletter-pending-status=\"Joining The Catalyst\u2026\" data-newsletter-email-required-message=\"Before sending, please provide your email address.\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\"> <i class=\"fa-regular fa-envelope\" aria-hidden=\"true\"\/> The Catalyst <\/span><\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">What\u2019s moving crypto. Why it matters.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Get CryptoSlate\u2019s essential stories and what to watch next.<\/p>\n<p>  <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" viewbox=\"0 0 16 16\" aria-hidden=\"true\" focusable=\"false\"> <path d=\"M15 3.604H1v1.891h14v-1.89ZM1 7.208V16l7-3.926L15 16V7.208zM15 0H1v1.89h14z\"\/> <\/svg> <span>Published on Substack<\/span> <\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p id=\"cs-inline-newsletter-1-privacy\" class=\"cs-inline-newsletter__privacy\">Seven days a week. Unsubscribe anytime.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<div class=\"cs-inline-newsletter__success\" role=\"status\" aria-live=\"polite\" aria-atomic=\"true\" tabindex=\"-1\"> <span class=\"cs-inline-newsletter__success-icon\" aria-hidden=\"true\"\/><\/p>\n<div>\n<h3 class=\"cs-inline-newsletter__success-title\">Check your inbox.<\/h3>\n<p class=\"cs-inline-newsletter__success-copy\">Your signup request was sent. If confirmation is required, follow the email from Substack.<\/p>\n<p class=\"cs-inline-newsletter__success-hint\">Look in spam or promotions if you don\u2019t see it.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p>Coverage is another constraint. Coin Metrics says its ETF transaction-count metric includes only ETFs and addresses it has identified, making that specific metric a minimum potential value. The daily correction list also reaches its ETF supply series.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">$19B could \u201cvanish\u201d from Bitcoin ETFs without a single Bitcoin being sold<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>Wallet movements cannot be treated as a one-to-one proxy for authorized-participant creations or redemptions. Coin Metrics measures attributed blockchain activity, while the regulated fund process concerns orders for ETF shares, including the in-kind mechanism permitted under the SEC&#8217;s July 2025 approval. The Sept. 22 notice describes a correction to Coin Metrics Network Data, not a revision to issuer records.<\/p>\n<p>The practical impact is therefore limited to work that used the affected Coin Metrics series. Anyone who stored those daily or hourly values, or used them in models, charts or research covering the corrected interval, may need to backfill the history and rerun that work. The notice does not show that unrelated ETF analysis changed.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">The $63 billion revolving door carrying the entire US Bitcoin ETF market<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>Until Coin Metrics publishes deltas or a fuller explanation, the responsible conclusion remains narrow: the provider changed a broad slice of its ETF-wallet picture, but has not shown the public how much that picture moved.<\/p>\n<\/div>\n<p>ETF,Featured,Bitcoin,BTC,Coin Metrics,regulationBitcoin,BTC,Coin Metrics,ETF,regulation#Coin #Metrics #revises #months #ETF #wallet #data1790178656<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coin Metrics corrected more than 19 months of Bitcoin ETF-related on-chain data, leaving users of its identified-wallet series to reassess any analysis built on the affected history. The Sept. 22 status notice says the correction covers Bitcoin data from Feb. 7, 2025 through Sept. 17, 2026. Coin Metrics listed 35 affected daily series and 25<\/p>\n","protected":false},"author":1,"featured_media":13625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[91,285,100,6919,97,231,2618,1233,389,7086,159],"class_list":["post-13624","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-bitcoin","tag-btc","tag-coin","tag-coin-metrics","tag-data","tag-etf","tag-metrics","tag-months","tag-regulation","tag-revises","tag-wallet"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coin Metrics revises 19 months of ETF wallet data but by how much? - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"The update spans 35 daily and 25 hourly series, yet no cause, direction or numerical delta was disclosed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=13624\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coin Metrics revises 19 months of ETF wallet data but by how much?\" \/>\n<meta property=\"og:description\" content=\"The update spans 35 daily and 25 hourly series, yet no cause, direction or numerical delta was disclosed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=13624\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-23T15:50:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/bitcoin-etf-data-uncertainty.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13624\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=13624\",\"name\":\"Coin Metrics revises 19 months of ETF wallet data but by how much? 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