# Bitcoin ETF flow — X 热门讨论 (2026-09-20 23:44 UTC)
## @Straits_Trader2 (Alt of@Straits_Trader) · 09-20 07:12 · ♥113 ↻3 💬1 20 September | Weekend Market Wrap
🔴 Hong Kong tech is recovering and Bitcoin is bouncing. Is money starting to flow back into risk assets across the board?
① Hong Kong Stocks On Friday, the HSI rose 0.60% to 24,750.78, while the Hang Seng Tech Index gained 2.20% to 4,405.50. Total turnover reached around HK$266.5 billion, up 43.6% from the previous session.
Tech led the rebound, but Alibaba gained 4% while Tencent fell 1.6%, showing that the sector is still split. The HSI also finished slightly lower for the week. One strong session on higher turnover isn’t enough to confirm a trend reversal.
② ETFs Southbound investors recorded net purchases of around HK$1.193 billion on Friday. Yet they net sold roughly HK$2.26 billion of the Tracker Fund of Hong Kong, while buying heavily into Baidu.
My take: Investors are making different calls on individual stocks and the broader market. Southbound inflows don’t automatically mean investors are bullish across the board. Likewise, southbound selling of an ETF doesn’t necessarily mean the fund itself saw net redemptions.
③ Crypto and Derivatives Bitcoin moved back above US$80,000 on Friday morning, US Eastern time. US Bitcoin ETFs recorded around US$160 million in inflows on Thursday, suggesting some recovery in risk appetite.
However, HSI night futures closed at 24,678, around 73 points below the cash index, without showing the same strength. Crypto and Hong Kong stocks are still moving differently. A Bitcoin rally alone doesn’t tell us that Hong Kong will open higher on Monday.
④ My Take 🔴 For now, money appears to be moving selectively, rather than lifting every asset together.
Tech stocks, index ETFs and crypto are telling different stories. Instead of rushing into the hottest theme, I’m watching whether the rebound lasts and whether buyers step in on pullbacks. If your holdings aren’t moving, first check whether your reasons for buying still hold. Don’t let FOMO make the decision for you.
⑤ What I’m Watching Next Can the HSI reclaim and hold the 24,800–25,000 area? Will more tech stocks join the rally? Will ETF flows continue in the same direction? Can Bitcoin hold US$80,000? I’m also watching whether developments in the Middle East push oil prices higher again.
🔴 Next week, will you chase the rally or wait for a pullback to see if buyers are still there?
Follow 👉 @Straits_Trader for updates on my portfolio and trading ideas. solana:3aSu9uuDLiWkBQGycJDDSubZEPb6YJjDzULPWZkJn8ic #HongKongETF #Crypto #OptionsTrading https://x.com/Straits_Trader2/status/2101570174012834217
## @Straits_Trader (Straits_Trader) · 09-20 07:08 · ♥113 ↻2 💬2 20 September | Weekend Market Wrap
🔴 Hong Kong tech is recovering and Bitcoin is bouncing. Is money starting to flow back into risk assets across the board?
① Hong Kong Stocks On Friday, the HSI rose 0.60% to 24,750.78, while the Hang Seng Tech Index gained 2.20% to 4,405.50. Total turnover reached around HK$266.5 billion, up 43.6% from the previous session.
Tech led the rebound, but Alibaba gained 4% while Tencent fell 1.6%, showing that the sector is still split. The HSI also finished slightly lower for the week. One strong session on higher turnover isn’t enough to confirm a trend reversal.
② ETFs Southbound investors recorded net purchases of around HK$1.193 billion on Friday. Yet they net sold roughly HK$2.26 billion of the Tracker Fund of Hong Kong, while buying heavily into Baidu.
My take: Investors are making different calls on individual stocks and the broader market. Southbound inflows don’t automatically mean investors are bullish across the board. Likewise, southbound selling of an ETF doesn’t necessarily mean the fund itself saw net redemptions.
③ Crypto and Derivatives Bitcoin moved back above US$80,000 on Friday morning, US Eastern time. US Bitcoin ETFs recorded around US$160 million in inflows on Thursday, suggesting some recovery in risk appetite.
However, HSI night futures closed at 24,678, around 73 points below the cash index, without showing the same strength. Crypto and Hong Kong stocks are still moving differently. A Bitcoin rally alone doesn’t tell us that Hong Kong will open higher on Monday.
④ My Take 🔴 For now, money appears to be moving selectively, rather than lifting every asset together.
Tech stocks, index ETFs and crypto are telling different stories. Instead of rushing into the hottest theme, I’m watching whether the rebound lasts and whether buyers step in on pullbacks. If your holdings aren’t moving, first check whether your reasons for buying still hold. Don’t let FOMO make the decision for you.
⑤ What I’m Watching Next Can the HSI reclaim and hold the 24,800–25,000 area? Will more tech stocks join the rally? Will ETF flows continue in the same direction? Can Bitcoin hold US$80,000? I’m also watching whether developments in the Middle East push oil prices higher again.
🔴 Next week, will you chase the rally or wait for a pullback to see if buyers are still there?
Follow 👉 @Straits_Trader for updates on my portfolio and trading ideas. solana:3aSu9uuDLiWkBQGycJDDSubZEPb6YJjDzULPWZkJn8ic #HongKongETF #Crypto #OptionsTrading https://x.com/Straits_Trader/status/2101569289119469695
## @Straits_Trader6 (Alt of@Straits_Trader) · 09-20 07:13 · ♥49 ↻1 💬0 20 September | Weekend Market Wrap
🔴 Hong Kong tech is recovering and Bitcoin is bouncing. Is money starting to flow back into risk assets across the board?
① Hong Kong Stocks On Friday, the HSI rose 0.60% to 24,750.78, while the Hang Seng Tech Index gained 2.20% to 4,405.50. Total turnover reached around HK$266.5 billion, up 43.6% from the previous session.
Tech led the rebound, but Alibaba gained 4% while Tencent fell 1.6%, showing that the sector is still split. The HSI also finished slightly lower for the week. One strong session on higher turnover isn’t enough to confirm a trend reversal.
② ETFs Southbound investors recorded net purchases of around HK$1.193 billion on Friday. Yet they net sold roughly HK$2.26 billion of the Tracker Fund of Hong Kong, while buying heavily into Baidu.
My take: Investors are making different calls on individual stocks and the broader market. Southbound inflows don’t automatically mean investors are bullish across the board. Likewise, southbound selling of an ETF doesn’t necessarily mean the fund itself saw net redemptions.
③ Crypto and Derivatives Bitcoin moved back above US$80,000 on Friday morning, US Eastern time. US Bitcoin ETFs recorded around US$160 million in inflows on Thursday, suggesting some recovery in risk appetite.
However, HSI night futures closed at 24,678, around 73 points below the cash index, without showing the same strength. Crypto and Hong Kong stocks are still moving differently. A Bitcoin rally alone doesn’t tell us that Hong Kong will open higher on Monday.
④ My Take 🔴 For now, money appears to be moving selectively, rather than lifting every asset together.
Tech stocks, index ETFs and crypto are telling different stories. Instead of rushing into the hottest theme, I’m watching whether the rebound lasts and whether buyers step in on pullbacks. If your holdings aren’t moving, first check whether your reasons for buying still hold. Don’t let FOMO make the decision for you.
⑤ What I’m Watching Next Can the HSI reclaim and hold the 24,800–25,000 area? Will more tech stocks join the rally? Will ETF flows continue in the same direction? Can Bitcoin hold US$80,000? I’m also watching whether developments in the Middle East push oil prices higher again.
🔴 Next week, will you chase the rally or wait for a pullback to see if buyers are still there?
Follow 👉 @Straits_Trader for updates on my portfolio and trading ideas. solana:3aSu9uuDLiWkBQGycJDDSubZEPb6YJjDzULPWZkJn8ic #HongKongETF #Crypto #OptionsTrading https://x.com/Straits_Trader6/status/2101570480218009779