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🚀 Bitcoin ETFs are on a buying spree, snatching up 11,667 BTC daily! At this pace, they're set to gobble a whopping 2.95M bitcoins annually. 

Imagine the impact on the market? 

Oh, and btw only 2M on exchanges 

And yes I know prices flat but I can only stay flat for so long and then the laws of supply and demand will take over 

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Anonymous

IBIT and FBTC still buying from their own BTC reserves. Gonna be months before they drain all that up and they have to go to the market and purchase BTC

Anonymous

Yes, the ability to buy OTC doesn't seem to affect the price much at all. Do you have info on IBIT and FBTC reserves? How much do they have?

Anonymous

These ETFs were a huge disappointment.