Bitcoin ETFs - Folks Freaking Out (Patreon)

I have not witnessed such a negative sentiment since the darkest days of the bear market 2022. People are totally freaking out, and I'm honestly baffled. Sure, Bitcoin hasn't skyrocketed yet on the backs of the ETF and the new FINTTWIT narrative is now BTC has topped already. 

But when you consider the massive amounts of Bitcoin being consumed by these ETFs, it's quite remarkable. Just think back to the start of the year when Grayscale had 619,000 Bitcoins, and now they're down to 581, resulting in a net reduction of 38,000. But when you look at the growth of all the other players, it's quite impressive. Blackrock, for instance, has nearly reached that size all on its own.

42K ISH LEVEL

We keep bouncing off this 42K level - reminds me of 2021. 

ETF FLOWS

$3.3b into 9 new ETFs. And the flows are breaking records. 

BlackRock’s iShares, and Fidelity, both now hold over $1 billion in assets each, putting them in the ALL-TIME TOP 5 for the fastest ETFs to reach $1b in assets.

In Addition - Korea wants their own