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BTC ETF Day 14 Progress (Patreon)

Published:
2024-02-01 16:44:13
Imported:
2024-02

Content


Despite what you hear... the money keeps rolling in....


BAD NEWS 

1) #Blackrock $IBIT slowed 

GOOD NEWS 

1) ETF's had 5th best day ever 

2) $200M net inflow

3) $GBTC slowed further - weakest outflow to date

4) $FBTC #Fidelity on fire


Day 14 is 5th biggest Money Day Ever in terms of money flow, bringing in $200 million net


DAY 14 MONEY FLOW PER FUND   Now there is a net positive $1.44BN in ETFs after GBTC Put another way - the new ETFs added over $7 BILLION in 14 days

DAY 14 BITCOIN ADDITION AND DELETION PER FUND   Net positive additional 36,000 Bitcoin was sucked out of the market - that is 2571 per Day - miners only mine 900 per Day.  New ETFs now have over 170,338 BTC in aggregate.



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Comments

Anonymous

...and yet still BTC price action is lackluster, in my opinion. Now, we have to kick the "to the moon" narrative to the halving. Am I too impatient? That might be the case, certainly. Also, miners provide this rare asset but nobody cares. Shitz Just Weird.

Anonymous

Questions: for who ever might know. 1) Is it really a good thing that ETFs suck up BTC while GBTC dumps and holds the price relatively neutral? Wasn't the idea that the actual buying of the ETFs would raise the price? Is this not continually lowering the potential high BTC can reach? 2) Is it likely that ETFs will continue at this pace? Could it be that they recognise now is the time to stock pile (because GBT is holding price constant). Must all the ETF buys be for existing customers? Could they be stock piling at low prices for later use?