Friday 04/05: #Bitcoin Spot ETF Flow Update of Thursday 04/04, after 58 trading days: third consecutive day with GBTC outflow lower than $100m.
The Nine Inflow: $186m (missing Fidelity)
GBTC Outflow: $79m
Total Daily Net Inflow: $107m
Interesting development for Grayscale: despite the volume increasing from $478m to $837m (+75%), the outflow increased only from $75.1m to $79.3m (+6%). Tue 04/02 $81.9m
Wed 04/03 $75.1m
Thu 04/04 $79.3m
We have now three consecutive days of daily outflow lower than $100m. Very good sign. Before assessing that the selloff may be over I recommend to wait for other three trading days, also because in t general the beginning of the week the outflow is stronger, therefore if also Monday and Tuesday next week we have an outflow lower than $100m, it may be likely the selloff is over, at least in significant amount (above $100m per day)
On The Nine inflow, we are still missing Fidelity numbers and Blackrock reached $144m.
Sources: farside.co.uk/?p=997 &
@HODL15Capital
