ETFs’ update for the week:
-Blackrock's third consecutive day with ZERO net inflows.
-GBTC fell below 300k BTC (from >600k at launch).
Demand drying up?
Discussion
Nah GBTC is just selling heavily. When they finally die it’s up only
Good. I hope they have zero inflows forever.
How is it that flows are EXACTLY zero for three consecutive days?
Root, is there any possibility that flows aren’t being reported because of a technology or paperwork issue?
Is it common for an ETF with a volatile asset like #bitcoin to show zero change over 3 consecutive days of trading? Especially one as large IBIT?
Is there precedent from greyscale in the past?
When the default assumption in the market is the ETF demand is endless and Bitcoin will only go up, the result will be demand dries up and Bitcoin chops sideways (at best) for awhile.
Sell then lol
🥬 🙌