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Spot ETFs’ Growth Rate: +4,000 BTC/Day.

- Grayscale’s outflows slowing

- Other ETFs seeing substantial inflows

#Bitcoin 🧵

paper! we don't know if really a btc is bought for the customers

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It's a spot ETF, which means they have to acquire the Bitcoin. There are other ETFs which they don't have too.

naive ... they know they cannot hide so they dont show the onchain data

So if they showed the onchain data you would agree that it's not "paper bitcoin"?

no... because is always IOUs... on paper

You have shifting conclusions. This is what and ETF is, the fund holds the Bitcoin.