Replies to post #58345 on Bitcoin (BTCUSD)

[ap17]

BLACKROCK TO FLIP GRAYSCALE 🏦
BREAKING: BlackRock’s IBIT inches closer, trails GBTC by just 4,561 BTC

Bitcoin
The Bitcoin ETFs have once again recorded a full week of inflows.

(we’re so back)

In total the Bitcoin ETFs saw net inflows of $1.06 billion for the week.

That’s HUGE. 💰

ETF flows
With inflows of $1.06 billion, the Bitcoin ETFs purchased a combined 15,421 BTC for the week.

That’s 4.9x the amount of Bitcoin mined. 😱

Making the demand/supply dynamic kind of ridiculous…

btc purchased
And BlackRock continues to edge closer and closer to Grayscale.

The flippening is right around the corner. (for the title of largest BTC ETF)

Currently the gap is down to 1,873 Bitcoin:

🟢 BlackRock: 287,167 Bitcoin

🔴 Grayscale: 289,040 Bitcoin

It’s almost guaranteed that BlackRock overtakes Grayscale this week…

flippening
Now here’s a pretty interesting chart for you.

The US Bitcoin ETFs continue to climb up the commodity ETF leaderboard.

BlackRock and Grayscale convincingly take out 3rd place for largest commodity based ETFs.

But the thing is, their YTD performance absolutely destroys ever other asset…

commodity
Big money is forced to pay attention to returns like this….

This upcoming week is a big one for the ETFs.

We’ll likely see BlackRock flip Grayscale for largest BTC holdings.

And fingers crossed these crazy flows continue. 🤞