ETFs update: Yesterday, we saw a large net outflow of 5.3k #BTC, obviously contributing to the $5k drawdown in price.
Important observation: yesterday's numbers show Grayscale outflows did not rotate into BlackRock.
Discussion
Self custody?
Fiat traders trying to time Fed FOMC and probably some “taking profit” for tax liabilities.
Net outflows from ETFs means more corn for the custody of plebs
More important than ever for those of us who will not sell to buy all the dips
Thank you for the intel it’s much appreciated 👍
Appreciate these updates man!
Wall Street noobs dunno how to stack the dip 😂
Thoughts on where the GBTC outflows went in that case?