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
Even just combining the 80 companies found manually in SEC filings accounts for 17% of the total bitcoin ETF holdings.
While not all can be considered institutional investors, significant numbers are included - e.g Millenium, Susquehanna, Horizon Kinetics, Jane Street Group, Schonfeld, Morgan Stanley, Point72, Farallon, tc. Viewing ETF inflows solely as retail contributions seems inappropriate. Source: Ki Young Ju
Bitcoin rebounds to $58k after ETF investors bought the dip...
Inflows into Bitcoin spot ETF surged near $300M Source: www.zerohedge.com, Bloomberg
JUST IN: On-chain data confirms this is the second-largest liquidation event in Bitcoin's entire history, right after the FTX collapse in November 2022.
This comes amidst news that Germany is selling $3.5B worth of seized $BTC, and Mt. Gox begins paying back $8.5B to creditors, with the majority expected to be sold. Source: WhaleWire on X
Bitcoin miner capitulation has reached levels comparable to December 2022: 7.6% drawdown.
December 2022 marked the cycle bottom after the FTX collapse. Source: Julio Moreno, Cryptoquant
After liquidity tailwinds in Q4 2023, the etfs launches and bitcoin halving in Q1 / early Q2, liquidity headwinds played catch-up in late Q2, pushing BTC lower
Source: Delphi Digital, Bloomberg
BREAKING: Donald Trump is reportedly in talks to speak at the 2024 Bitcoin convention in July.
This would make Trump the first presidential candidate to speak at a crypto event. Most recently, Trump said he "will end Biden's war on crypto" at a rally in Wisconsin. Source: The Kobeissi Letter
