#bitcoinhalving #ETF✅ The opinions presented offer insights into the performance of Bitcoin ETFs, particularly focusing on GBTC, BlackRock, and Fidelity. Let's break down each point:

1. **Concerns about GBTC Outflows**: The first opinion raises the question of whether the recent low but steady outflows from GBTC are due to large holders or depeg traders exhausting their shares to sell, or if they are being cautious amid Bitcoin hovering around $60,000. This observation suggests that there may be uncertainties surrounding the reasons behind the outflows from GBTC, with potential factors being both supply constraints and market sentiment regarding Bitcoin's price level.

2. **BlackRock's Declining Inflows**: The second point highlights a steady decline in inflows at BlackRock, despite the outflows from GBTC. This situation indicates that fewer Bitcoins exiting GBTC are not flowing back into other ETFs, suggesting a shift in trading patterns or investor behavior within the ETF landscape.

3. **Fidelity's Unusual Performance**: The third opinion expresses surprise at Fidelity reporting no outflows despite recent poor performance, leading to a humorous speculation that they might be injecting funds to preserve the streak of consecutive days without outflows. This observation raises questions about Fidelity's reporting practices and the potential actions they might be taking to maintain positive net flow figures.

Additional points mentioned:

- **Netflow for the week**: There has been a net outflow of $259.7 million.

- **Drop in average daily inflow**: The average daily inflow of Bitcoin ETFs has decreased by $183 million since the launch day.

- **Cumulative net inflow**: The overall net inflow since the launch of ETFs, including GBTC, stands at +$12.271 billion.

#bitcoinhalving #bitcoin etf#