Oddbean new post about login | logout #Bitcoin ETF Flows Weekly Summary TOTAL -$888M exGBTC $1,114M IBIT $828M FBTC $79M BITB $67M EZBC $52M BRRR $38M ARKB $33M HODL $17M BTCW $0M BTCO -$2M GBTC -$2,001M https://m.primal.net/HniD.png
2/ The week before last was the best-ever. Last week? was the worst-ever https://m.primal.net/HniE.png
3/ The week-day effect remains intact: flows get weaker toward Friday. https://m.primal.net/HniF.png
4/ Total flows compared https://m.primal.net/HniG.png
5/ The problem wasn't just GBTC outflow, the inflows got weaker too. New buyers are exhausted. https://m.primal.net/HniI.png
6/ For instance, Blackrock, the largest fund, is on a clear downtrend and recoded its worst inflow this week. https://m.primal.net/HniJ.png
7/ This big picture remains extremely positive, though. We don't expect ETFs to indefinitely bring new money. There will be ups and downs. What has happened so far is extraordinary – $25 B in, $13.8 B out, $11 B net. https://m.primal.net/HniL.png
8/ The ETF complex has, on average, brought in a net of $225M per day. And the outflows have significantly dropped. Net flow is going back to neutral. Once Genesis liquidation is complete, and the price recovers a little, the sidelined capital might very well resume flowing in. https://m.primal.net/HniM.png
At this rate, GBTC will be emptied by the end of Q2.
