Asia Morning Briefing: Bitcoin Stabilizes at $115K Amid ETF Inflows

Market News Summary

Bitcoin ([BTC](https://holder.io/coins/btc/)) is trading above $115k in Asia, slightly declining after a strong start to the week. Market movements are influenced by U.S. spot ETF inflows and expectations of a Federal Reserve rate cut.
Glassnode highlights market fragility despite a 200% surge in ETF inflows and increased futures open interest. Spot market weakness, softening funding rates, and rising profit-taking are concerns.
Options traders have reduced downside hedges, lowering volatility spreads, indicating market exposure if risks reemerge.
QCP believes crypto is back on track due to continuous BTC ETF inflows, significant ETH inflows, and resilience in XRP and SOL, despite ETF delays.
The debate centers around whether ongoing ETF inflows can counterbalance profit-taking.

(CoinDesk)

[BTC](https://holder.io/coins/btc/): Consolidating near $115,000; supported by institutional demand via spot Bitcoin ETFs.
[ETH](https://holder.io/coins/eth/): Trading near $4500; gains aided by institutional demand, reduced supply, and positive technical indicators.
Gold: Holding near record highs; buoyed by Fed rate cut expectations, inflation risk, and safe-haven demand.
Nikkei 225: Surpassed 45,000 for the first time; boosted by positive U.S.-China trade talks and TikTok divestment framework.
S&P 500: Increased 0.5%, closing above 6,600; driven by U.S.-China trade optimism and anticipation of Fed meeting.

Coinbase App Store ranking indicates retail investors remain cautious despite crypto rally. [Source: The Block](https://www.theblock.co/post/370698/coinbase-app-store-ranking-suggests-retail-still-on-sidelines-despite-crypto-rally)
Robinhood expands its private equity token initiatives with a new venture capital fund. [Source: CoinDesk](https://www.coindesk.com/business/2025/09/15/robinhood-expands-private-equity-token-push-with-new-venture-capital-fund)
Strategy adds $60 million to Bitcoin treasury, marking the smallest buy in a month. [Source: Decrypt](https://decrypt.co/339475/strategy-adds-60-million-bitcoin-treasury-smallest-buy-month)