#Bitcoin Spot ETF update of Tuesday 02/13, after 22 trading days: third consecutive BOOM!🚀💣🔥
GBTC outflow: $95m
The Nine Inflow: $589m
Total daily Net Inflow: $494m
GBTC outflow increased from Friday but it is aligned with the last week range ($80m-$100m). Meanwhile, for the third consecutive day, The Nine have an inflow higher that $500m.
One data point can be a case, tow data points can be a coincidence, and three data points can be a trend! Hopefully it will continue.
@BlackRock and @Fidelity had a big day, with $374m and $152m inflow respectively.
In the last three trading days we have seen both a big inflow and a significant price appreciation, it is not a coincidence. The ETFs are buying 10k Bitcoin per day on top of the standard equilibrium and this is reflected in the price appreciation.
🚀🚀🚀🚀🚀
Source @alexoctabtc
