🚨🚨BTC and ETH ETF fund update on July 23-24
BTC ETF SPOt
🟢 BlackRock (IBIT) +72.1 million USD
🔴 Bitwise (BITB) -70.3 million USD
🔴 ARK (ARKB) -52.3 million USD
🔴 Grayscale (GBTC) -27.3 million USD
⚪️ Franklin (EZBC) 0.0
VanEck (HODL)
Invesco (BTCW)
Fidelity (FBTC)
WisdomTree (BTCO)
Valkyrie (BRRR)
———————————
🔴 Summary -77.8 million USD
Ending a 13-day streak of positive buying results for BTC ETF
🟢 Bitwise (ETHW) +204.0 million USD
🟢 Fidelity (FETH) +71.3 million USD
🟢 Grayscale Mini (ETH) +15 million USD
🟢 Franklin (EZET) +13.2 million USD
🟢 21Shares (CETH) +7.5 million USD
🔴 Grayscale (ETHE) -484.1 million USD
BlackRock (ETHA)
VanEck (ETHV)
Investco (QETH)
———————————
🔴 -173.0 million USD
In just the first day, more than 5% of ETH left the Grayscale fund. The buying power from Bitwise was a surprise. During the first few weeks, there will be a high likelihood of negative cash flow as selling pressure will continue from Grayscale. But to summarize, the flow of money out of the market is taking up a higher market share, causing BTC and ETH prices to decrease slightly. $BTC $ETH
