Spot ETFs’ Growth Rate: +4,000 BTC/Day.
- Grayscale’s outflows slowing
- Other ETFs seeing substantial inflows
#Bitcoin 🧵
Discussion
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https://www.bitcoinstrategyplatform.com/news/etfs-growth-rate
paper! we don't know if really a btc is bought for the customers
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
Sooo we have 6,25 made on 10minutes, which is 900 new btc/day. So the buy pressure exceeds the curent production by at least 3x. That should make an impact on the price.
Haven't heard from you in a while... What's the current thesis for the current dump? Anything interesting happening visibly in the market?