Bitcoin ETF Day 9 Update (Patreon)

Bitcoin ETF Fund Flows after 9 days

Tuesday I said was the worst Gryscale dump that - that proved to be correct. But there is some other bad news

THE BAD NEWS

1) Blackrock IBIT slowing down a lot

2) GBTC outflows still higher than net inflows to other funds

THE GOOD NEWS

1) Blackrock has 45,668.08 BTC AUM now

2) Fidelity has nearly the same amount 45,354 BTC AUM now

3) Fidelity is taking in more than Blackrock at the moment.

4) ETFs absorbed 130K BTC in 9 days - while Grayscale shed 109,793

5) The ETFs alone are sucking in 16x the daily Bitcoin supply created ie, 14444/900. This will be 32x in less than 80 days

BTC ETF Money Flow Visualized

The new ETFs brought in over 5.2bn in 9 days. #Grayscale shed $4.391bn

Bitcoin HODL Visualized:

The new ETFs overcame the GBTC release of 109K BTC by 20K BTC - net net they absorbed 129,723K BTC in 9 days.