Oddbean new post about | logout
 This week the entries in the US ETFs have been more than 30000 Bitcoins, but the dynamics remain the same, that is, globally, we have barely moved and we are around 1.1 million Bitcoins held by the ETFs. What is happening is a relocation from one ETF to another.

https://m.primal.net/Laia.png 
https://m.primal.net/Laib.png  
 Dollars seem to be coming in but sats aren't being stacked?

Are the ETF traders just bad at trading or are they hedging other fiat bets?

Seems weird. FAFO I guess. 
 ETF’s are only 5-10% of daily BTC volume. I suspect a lot of traders around the world are affecting price point too.