The 9 Bitcoin ETFs have purchased ~225,000 #Bitcoin since the launch in January.

IBIT alone has absorbed all of the Grayscale selling.

This is a net purchase of ~3,600 Bitcoin for every trading day since the launch.

In the next few months:

- Hong Kong ETFs will be approved (demand 📈)

- Halving will mean supply is cut in half overnight - (supply 📉)

- More institutional investors will add Bitcoin to their treasury (demand 📈)

- More retail investors will become interested (demand 📈)

All of this points to the price going up over time.

We can see from ETF volumes that purchases accelerate when the price goes up.