Yesterday, BTC's data was quite polarized. On one hand, BlackRock continued to maintain strong purchasing power with a net inflow of 4,528 BTC, while on the other hand, Fidelity, ARK, and Bitwise all experienced sales exceeding 1,000 BTC, with the three firms selling a total of 3,466 BTC on the previous trading day. Additionally, GBTC and Valkyrie also had a small reduction in holdings.
In terms of increasing holdings, besides BlackRock, Grayscale's Mini ETF has net inflows of 111 BTC, which can be imagined to be in second place. This phenomenon has not appeared in #ETH, and it is somewhat strange for #BTC. It is possible that some investors from other funds are not optimistic about BTC's future development, while BlackRock's financial advisors may be more like a multi-level marketing scheme.
It is now clear that after BlackRock's financial report, a large number of BlackRock investors are buying BTC, and it can even be felt that BlackRock's purchasing power in the entire ETF market exceeds 70%. We have previously discussed the relationship between AP and spot ETFs, so friends should also know that the data on net inflows and outflows may not really affect the rise and fall of spot BTC prices.
Data has been updated, address: https://docs.google.com/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit?usp=sharing
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