Coin Metrics Corrects 19 Months of Bitcoin ETF Data
Coin Metrics has corrected over 19 months of on-chain data related to Bitcoin ETF transactions. The revisions cover data from February 7, 2025, through September 17, 2026. This affects 35 daily series and 25 hourly series, including deposits, withdrawals, transfer counts, and transactions.
The notice does not specify what caused the recalculation or provide before-and-after values. However, it explains that Coin Metrics' deposit methodology defines an ETF deposit as assets sent to an address identified as ETF-owned during a given interval.
Wallet movements cannot be treated as a direct proxy for authorized-participant creations or redemptions. The regulated fund process concerns orders for ETF shares, while the measures attributed by Coin Metrics concern blockchain activity.