NEW: BlackRock's Bitcoin ETF has had more inflows this year than the Nasdaq-tracking $QQQ ETF.
Source: Bitcoin Archive
U.S. Bitcoin ETFs accumulated almost one million Bitcoin (~911k) in just 6 months
That’s 1/21 of total supply that will ever exist! Source: Carl MENGER on X
ETF YTD net flows ranking... iShares Bitcoin spot ETF $IBIT has passed Invesco Nasdaq 100 $QQQ into YTD net flows.
And could pass Vanguard's Total Stock Market ETF very soon too. Compare the net sizes of these ETF's vs. net inflows. Demand for Bitcoin via ETF has been relentless. Unprecedented really. Source: SpencerHakimian, Bloomberg
Bitcoin $BTC reaction following the news that Biden is leaving the race was heavily scrutinized by market participants for 2 reasons
1/ It is the only risk assets traded 24/7 and thus reacting to news over the week-end; 2/ Bitcoin is now seen as a "pro-Trump" asset (i.e of it goes down that means that markets see a lower chance for Trump to be re-elected). While the initial reaction to the news was BTC going down almost $1,000 in a matter of minutes, BTC bounced back later on to trade at the highest level of the week-end (around $68k). So if Bitcoin is any guide, the Trump election trade does not seem to have been damaged... Source chart: coingecko
There is a website tracking the German Bitcoin losses in real time:
https://lnkd.in/eU_icc8x Source: Carl B Menger on X
Bitcoin has decoupled from its strong correlation with tech overall in the last two weeks...
Source: Bloomberg, zerohedge
NEW:US Spot Bitcoin ETFs hit $16 billion inflows 🚀
Source: Bitcoin Magazine
Speakers at the Bitcoin 2024 Conference in Nashville US
- Donald Trump - Robert F. Kennedy Jr. - Cathie Wood - Michael Saylor - Edward Snowden - Vivek Ramaswamy Source: Bitcoin Magazine
