Friday 05/10: #Bitcoin Spot ETF Flow update of Thursday 05/09, after 83 trading days: small total net outflow. - The Nine Inflow: $32M - GBTC Outflow: $43M - Total Daily Net Outflow: $11M
$GBTC back to outflow, but still less than $50M. In the last five trading days we have seen a total Net Outflow of in GBTC of $5M, with an average of $1M outflow per day. On The Nine, Blackrock is back by leading the way with $15M inflow. #BTC🔥🔥🔥🔥🔥#BTCETF @alexottabtc
Thursday 05/09: #Bitcoin Spot ETF Flow update of Wednesday 05/08, after 82 trading days: small total net inflow with $GBTC neutral.
- The Nine Inflow: $12M - GBTC Inflow: $0M - Total Daily Net Inflow: $12M
$GBTC having neutral flow for the first time. In the last four trading days we have seen a total Net inflow of in GBTC of $38M, with an average of $9.5M inflow per day. On The Nine, we have seen an inflow only from Bitwise #BTC🔥🔥🔥🔥🔥#BTCETF @alexottabtc
Saturday 05/04: #Bitcoin Spot ETF Flow Update of Friday 05/03, after 79 trading days: first day ever with GBTC daily Inflow!!!
- The Nine Inflow: $315m - GBTC Inflow: $63m - Total Daily Net Inflow: $378m
$GBTC, after 78 days of outflow, finally saw a day with net inflow! A GREAT DAY!!! On the Nine, we see a `$300M+ inflow, the highest since the 4th of April. With a total of $378M inflow, Friday 3rd of May was the highest inflow day since the 27th of March! #BTCETF @alexottabtc
Friday 05/03: #Bitcoin Spot ETF Flow Update of Thursday 05/02, after 78 trading days: back to an inflow from the Nine!
- The Nine Inflow: $21m - GBTC Outflow: $55m - Total Daily Net Outflow: $34m
$GBTC outflow back under $100m. In the last three weeks we see a GBTC outflow of circa $500m/week. After six trading days, we finally see a net inflow from The Nine. Hopefully we will see soon a day with total net inflow. #BTCETF @alexottabtc
Thursday 05/02: #Bitcoin Spot ETF Flow Update of Wednesday 05/01, after 77 trading days: the bigget total net outflow so far! - The Nine Outflow: $397m - GBTC Outflow: $167m - Total Daily Net Outflow: $564m
$GBTC outflow back above $100m. Unexpected that we still have such a daily amount in May. On The Nine, Blackrock had the first outflow day and the outflow leader was Fidelity with $191m outflow. It is clear that many retailers who bough the ETFs have sold their position. (HODLing) Bitcoin is not for everyone! #BTC🔥🔥🔥🔥🔥#BTCETF @alexottabtc
Thursday 04/25: #Bitcoin Spot ETF Flow Update of Wednesday 04/24, after 72 trading days: back to a significant net outflow.
The Nine Inflow: $9m GBTC Outflow: $130m Total Daily Net Outflow: $121m
GBTC outflow back to higher than $100m, the selloff is not over. On the Nine, the total inflow is only $9m, and Blackrock had its first day with now inflow.
With this halving, the supply of #Bitcoin per year will increase 0.85% per year, making Bitcoin the hardest form of money in the world.
Our civilization, in the past 5,000+ years has always looked for hard money, and finally agreed on gold as Betsy form of money. With this halving, Bitcoin becomes scarcer than gold.
The scarce the asset, the better we can store our value, the more we think about our future, the more our civilization advances. #BTCHalvingApril2024#BTCETF @alexottabtc