Eight ETFs accumulated more than 260,000 pieces in less than a month. If you think about it and checked the accumulation speed of Grayscale GBTC that year, from the beginning of 2020 to the second quarter of 21, GBTC accumulation increased by nearly 400,000. The current accumulation rate of ETFs is much faster than that of GBTC back then.
We have talked about the upward cycle before, and it is expected that the trend of capital inflows should last for a long time, because we all know that the earlier the cost of entry is advantageous. It seems that we can expect ETFs to accumulate more than one million pieces of pie this year, and it is even possible to accumulate 10% of the pie. When thinking about this cycle trend, the number of ETFs that can be held needs to be taken as an important perspective.
From this perspective, a cycle judgment criterion has also been added: in the previous wave, more than a month after the accumulation of gbtc stocks stopped, the pie reached its first high of 64,000 in 21 years.
If the net inflow of ETFs stops for more than two weeks during this cycle, the largest buyer's momentum in the big cycle will weaken, and you need to be vigilant. If ETFs continue to have net outflows for more than two weeks, then the turning point of the cycle may have arrived.
