Bitcoin ETF Fund Flows after 8 days (Patreon)

Yesterday said the bottom was close, market rebound indicates that as the Grayscale selling slows down. 

The bad news

• Grayscale is still dumping but slowing a lot 
• Blackrock is slowing a bit - Fidelity is holding strong

The good news

• Blackrock has 44,000 BTC AUM now
• Fidelity has 40,000 BTC AUM now
• The majority of the sell-off involved FTX, which completed day 8.  Today, day 9 should be a lot less. 
• ETFs absorbed all the 101,600 from Grayscale and have grown by an additional 21,100 BTC in 8 days.
• The ETFs alone are sucking in 15x the daily Bitcoin supply created ie, 13444/900

BTC ETF Money Flow Visualized

The new ETFs overcame the new dumpage by GBTC by nearly $1BN

Bitcoin HODL Visualized:

The new ETFs overcame the GBTC release of 101K BTC by 21K BTC - net net they absorbed 122K BTC in 8 days.