October 19, 2026

The week in three charts

1. 1 of 3

   3 insiders bought BPRE shares on the open market, $5.5 million in all

   $5.5M18 Oct

   $125K

   0

   $9.7M

   2 Aug18 Oct

   BPRE (Bluerock Private Real Estate Fund): 3 insiders bought on the open market for $5.5 million in total. Data

2. 2 of 3

   Net outflow of $95 million across two spot bitcoin ETFs (IBIT, BITB)

   -$94.6Mweek to 15 Oct

   $1.6M

   0

   $154M

   -$231M

   2 Oct15 Oct

   16 Oct not included: IBIT had not filed when this issue was built.

   Spot BTC ETFs (IBIT, BITB, from the issuers' own holdings files): net outflow of $95 million for the week to October 15, 2026. Data

3. 3 of 3

   Leveraged funds' net short in 2-Year U.S. Treasury Notes grew by 109,924 contracts

   1,367,408 contractsnet short, 13 Oct

   0

   1,564,294

   1,165,980

   28 Jul13 Oct

   2-Year U.S. Treasury Notes: leveraged funds' net short grew by 109,924 contracts, to 1,367,408 (COT of October 13, 2026). Data

Insiders

Form 4 filings, open-market transactions only.

• BPRE (Bluerock Private Real Estate Fund): 3 insiders bought on the open market for $5.5 million in total. Data
• GABC (German American Bancorp): 3 insiders bought on the open market for $17 thousand in total. Data
• Largest open-market buy: SAFX, $142 million by EEME Energy SPV I, 10% owner on October 16, 2026. Data
• Largest open-market sale: ESTC, $188 million by Schuurman Steven, Director on October 12, 2026. Data

Money flows

Issuer holdings files, the Federal Reserve Board's H.4.1 and the New York Fed, TreasuryDirect results.

• Spot BTC ETFs (IBIT, BITB, from the issuers' own holdings files): net outflow of $95 million for the week to October 15, 2026. Data
• Spot ETH ETFs (ETHA, from the issuers' own holdings files): net outflow of $229 million for the week to October 15, 2026. Data
• Fed net liquidity (balance sheet less reverse repo and the Treasury account): $5.87 trillion as of October 14, 2026, up $7.1 billion on the week. Data
• Weakest Treasury auction of the week: the 8-Week bill on October 15, 2026, bid-to-cover 2.26. Data

Positioning

CFTC Commitments of Traders, exchange funding rates.

• 2-Year U.S. Treasury Notes: leveraged funds' net short grew by 109,924 contracts, to 1,367,408 (COT of October 13, 2026). Data
• 3-Month SOFR: leveraged funds cut their net short by 108,209 contracts, to 2,245,507 (COT of October 13, 2026). Data
• Corn: money managers' net long shrank by 83,414 contracts, to 246,425 (COT of October 13, 2026). Data
• Most extreme funding rate at the weekend: FIL on Kraken, 0.106% per 8 hours (116% annualised). Data

The week ahead

Release times from the agencies' schedules; earnings dates are estimated until each company's 8-K confirms the date.

• Tuesday 12:30 UTC: Housing Starts and Building Permits. Data
• Thursday 12:30 UTC: Initial Jobless Claims. Data
• Earnings expected this week (estimated): INTC (Thursday), AAL (Thursday), AGNC (Monday), F (Thursday), PCG (Thursday), T (Wednesday). Data