🐳 A little update on the cash flow of SPOT BTC ETFs. Within 3 days the market showed buying inflows of more than $700 million. This is quite a shocking number in April and May. When maintained continuously like this. Shows that funds are willing to spend money on BTC at what price.
Today, BITCOIN SPOT ETF CASH FLOW May 17, 2024
🔸 BlackRock (IBIT): Buy $38M
🔹 Fidelity (FBTC): Buy $99.2M
🔸 Bitwise (BITB): Buy $20.8M
🔹 Ark & 21Shares (ARKB): Buy $10M
🔸 Galaxy Digital (BTCO): Buy $5.7M
🔹 Franklin(EZBC): 0
🔸 Valkyrie (BRRR): Buy $6.4M
🔹 VanEck (HODL): Buy $9.5M
🔸 WisdomTree (BTCW): 0
🔹 Grayscale(GBTC): Buy $31.6M
🔸 Hashdex (DEFI): 0
🔴Summary: Buy $221.4M
Do you think wrong about funds jumping in to buy continuously like this? The amount of outflows from funds is also quite small. Just buy continuously