Institutional interest in Bitcoin ETFs heats up as inflows surge to $562 million, outpacing new miners by 10x.
Source: cointelegraph
BREAKING: BlackRock's Bitcoin ETF, $IBIT, hits a record $10 billion in assets under management
This is the fastest an ETF has hit $10 billion in assets under management, at 37 trading days. Just ~4% of all ETFs have reached the $10 billion mark. More history made by Bitcoin. Source: The Kobeissi Letter
The bitcoin demand-supply squeeze continues...
JUST IN: 🇺🇸 Spot Bitcoin ETFs bought 10,050 BTC yesterday, while miners only produced ~900 BTC I am not sure everybody undertands what's going on and the implications... Source: Bitcoin Archive
Bitcoin ETFs have smashed their daily trading volume record with $6.28 billion so far.
More than double the previous record of $3b. Source: JSeyff, Bitcoin archive
Buybacks win again! New all-time highs for the Buyback Achievers ETF
$PKW as it resolves higher from a multi-year base. Source: Alfondo de Pablos, J-C Parets
The 9 new Bitcoin ETFs traded a record $2.4b on Monday, with BlackRock's trading $1.3m.
This is the highest volume day since the $BTC ETFs launched. Source: Bloomberg, Eric Balchunas, Bitcoin Archive
JUST IN: BlackRock’s Bitcoin ETF just broke $1 Billion in trading volume for the day!
Source: Bloomberg, Eric Balchunas, Bitcoin Archive
The bitcoin supply squeeze explained in a few sentences and one chart
272,000 Bitcoin bought in the last 28 days by ETFs. Meanwhile only 25,200 $BTC were mined! Yes, GBTC outflows are still a concern, but at some point that will have to end. Assuming this number stays consistent (or possibly even increases) with roughly ~2 million BTC on exchanges (based on today's liquidity), that would mean that in about 8 months time there would literally be ZERO BTC available for sale!!! And not mention the halving in 3 months will cut this amount to just 12,600 BTC mined in the same amount of time. (Source: CryptoZombie)
