π¨ $GBTC ETF UPDATE π¨ GBTC outflows have hit ZERO - the joint 2nd best day ever! π₯ This is a GREAT omen for ETF flows this week, just as we forecasted! π #InstitutionalFOMO is baaaak! π° Get ready for a big week ahead! π $BTC #Bitcoin
The U.S. state of Wisconsin has become the first to disclose the purchase of $BTC.
The badger state purchased nearly $100 million worth of Blackrock's $ITBIT in Q1, a filing shows. It also purchased shares of Grayscale's $GBTC worth roughly $64 million.
π€ My #Bitcoin theory this week: 1) 13f's got a lot of attention π 2) Will trigger some institutional FOMO π 3) $GBTC bleed will continue to slow (never saw $GBTC Vol 16% of $IBIT) π’ 4) Positive ETF week π« 5) Most non ETF cohorts will go back to stacking! π° Let's go! π
According to SoSoValue, total net inflows into Bitcoin spot ETFs on May 14 were $100.5 million. Grayscale ETF GBTC had a single-day net outflow of $50.9317 million, Ark Invest and 21Shares ETF ARKB had a single-day net inflow of US$133 million, and the total net asset value ofβ¦
There is a market that goes back and forth, a market that does not cut interest rates, a market that has experienced positive inflows of #gbtc , and a market that has seen #BTC halve for almost a month. What kind of market is this? Our mood should always be happy!
