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NEW: US BlackRock updated their home page to showcase their new spot Bitcoin ETF
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
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
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