Bitcoin ETF Fund Flows after 7 days (Patreon)

The bad news 

• Grayscale dumped a ton of bitcoin 
• For the 8th consecutive day, Grayscale transferred an additional 18,500 Bitcoin to Coinbase.

The good news

• The majority of the sell-off involved FTX, which has now completed its sales, offloading around 2.5 million shares daily for 8 days.
• Additional positive news: Despite the GBTC (Grayscale Bitcoin Trust) sell-off, there has been a net inflow of $1.1 billion, equivalent to 28,000 Bitcoin today.
• Growth observed in the FBTC (Fidelity Bitcoin Fund) - faster than Blackrock.

Current status visualized: 

Graph showing Millions (on the left axis) versus BTC Holdings (on the right axis). Despite unexpected heavy selling by FTX, ETFs have more than absorbed the impact.

The bottom is close.