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Coin Metrics revises 19 months of Bitcoin ETF data, impacting key flow and supply metrics without full disclosure of changes.

Protocol Fundamentals
24 Sep 2026
Crypto Daily
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Neutral
Coin Metrics revises 19 months of Bitcoin ETF data, impacting key flow and supply metrics without full disclosure of changes.

Coin Metrics has corrected 19 months of historical Bitcoin ETF data across 60 network-data series from February 2025 to September 2026, affecting deposits, withdrawals, transfers, and supply metrics. This broad revision impacts how analysts interpret ETF activity on Bitcoin's ledger but lacks details on the extent or direction of changes, limiting clear financial conclusions. The data reflects on-chain wallet movements, not official ETF fund flows, meaning changes may stem from address reclassification or custody updates rather than actual investor behavior. Users can backfill the revised data, but without public deltas, reassessing past analyses remains challenging. The correction highlights the importance of precise data given the large scale of Bitcoin ETF holdings, nearing 1.6 million BTC by early 2026, but the full impact of the revision is still unclear pending further explanation from Coin Metrics.

Coin Metrics' revision of 19 months of Bitcoin ETF data comes as only 6 out of 50 major cryptocurrencies on Pluang rose today. For readers following cryptocurrency markets, here is Pluang's snapshot as of Sep 24, 2026 17:21 WIB: SNX fell 11.87% to Rp4.127 with a typical hold time of 69 days and 72% buy order activity; SUSHI dropped 11.79% to Rp4.351 with 53% sell orders; UNI declined 11.53% to Rp159.252 with 90% sell orders and a typical hold time of 65 days.

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