Bitcoin ETF Day 10 Update (Patreon)

Tuesday, I said, was the worst Grayscale dump that - that proved to be correct. We are nearly at the tipping point again when net new flow exceeds GBTC drainage. 

THE BAD NEWS 

1) Still slightly negative but only $70M

THE GOOD NEWS 

1) Blackrock has nearly 2BN in AUM and after today will have 50K BTC

2) Fidelity growing faster than Blackrock, Fidelity customers love $BTC more

3) If you remove Grayscale - on average $550M dollars per day are rolling into BTC ETFs

4) If you remove Grayscale - these ETFs sucked in 140K BTC

5) The ETFs alone are sucking in 15.5x the daily Bitcoin supply created

6) Bitcoin bottomed earlier this week - now FOMO Times

BTC ETF Money Flow Visualized 

The new ETFs brought in over 5.5bn in 10 days. #Grayscale shed $4.78bn

Bitcoin HODL Visualized:  

The new ETFs overcame the GBTC release of 119K BTC by 18K BTC - net net they absorbed 137,815K BTC in 10 days.