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BITCOIN ETFs Day 13 - Big BR Spike

BAD NEWS 

1) $GBTC selling picked a tad vs Day 12 

2) Fidelity $FBTC slowed 

GOOD NEWS 

1) #Blackrock $IBIT had 3rd best day ever 

2) $1/4 BN net inflow despite $GBTC



Day 13 is 4th biggest Money Day Ever in terms of money flow, bringing in $25 million net


DAY 13 MONEY FLOW PER FUND  

Now there is a net positive $1.25BN in ETFs after GBTC Put another way - the new ETFs added over $6.5 BILLION


DAY 13 BITCOIN ADDITION AND DELETION PER FUND  


Net positive additional 32,000 Bitcoin was sucked out of the market - that is 2461 per Day - miners only mine 900 per Day.  New ETFs now have over 160,000 BTC in aggregate.


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Comments

Anonymous

@James: can you also add a graph with the cummulatives per day? Same like graph 1

Anonymous

I still haven’t dumped my GBTC yet. Maybe next week if I remember.