NEW: US BlackRock updated their home page to showcase their new spot Bitcoin ETF
Source: Bitcoin Magazine
BlackRock is already putting out charts showing that $BTC has been the world's best-performing asset in the last decade.
Source: Lark Davis
Top 5 spot Bitcoin total flows:
BlackRock: $497.7 million Fidelity: $422.3 million Bitwise: $237.9 million ARK 21Shares: $105.2 million Franklin: $50.1 million Source: Bitcoin Magazine
Inflows into the 10 new bitcoin ETFs hit +$1.4 billion over 2 days.
Subtracting GBTC's outflows of -$579m we get a net inflow of +$818.9m into the 10 new vehicles. People rotating out of GBTC into the others & Grayscale selling BTC are behind the price dump despite the inflows. Source: Joe Consorti, Bloomberg
moneylaudering using usdollar vs. using bitcoin
Source: United Nations Office on drugs and crime, Global investigation review, www.zerohedge.com
Bitcoin is down -12% from yesterday $49k high. So what's going on?
that some unexpected supply is coming to the market. Indeed, 4 Grayscale Bitcoin Trust wallets have just transferred over 4,000 BTC ($177,500,000+) to Coinbase Exchange. A lot of supply to absorb... Source: WhaleWire
HOLDRs have been nicely rewarded over the last few years
Source Table: Dan Held
What are the key takeaways from DAY 1 of bitcoin spot etf?
- The first US ETFs that directly hold Bitcoin are off to a strong start, with billions of dollars changing hands in a historical first day of trading for the long-sought investment vehicles. - The Blackrock iShares Bitcoin Trust ($IBIT) has passed $1B in volume today - The whole group hit $4.3B in volume or $2.2B ex-GBTC - 4 issuers are ABOVE $100B volume - The Bitcoin futures ETF $BITO smashed it's all time volume record in this historic day with $2b traded.. perhaps some is redemptions but it is probable that $BITO's liquidity will serve purpose in market maker for a while - $BITO and $GBTC are both in the Top 10 among overall ETFs in trading volume today.. $IBIT and $FBTC also making in Top 25, just to give some context on how this volume fits in w bigger picture. Just overall superb showing. Remember the futures ETFs barely did $2m - As a side note, $7.7 trillion asset manager Vanguard says they will NOT offer spot Bitcoin ETF.
