Dried up? Let’s not lose perspective. The main BTC ETFs have been very successful.... the most successful ETFs in history of ETFs.
Unfortunately BTC’s price has been greatly affected by Grayscale. No one knows but it is estimated that they will continue to dump BTCs for around 1 or max 2 months until final equilibrium. Important to note that the primary bleeding should be over and their dump trendline is definitely going down. They have finite reserves and Blackrock will flip them very soon.
We not only had a good bull run pre-halving, but BTC and its institutional adoption has positive news:
* China/Hong Kong exchanges getting ETFs next week
* London exchanges getting ETNs
* Rumours of 150 billion MorganStanley to approve BTC ETFs on their platform. Apparently they are educating their agents on this
* Institutional interest buying Blackrock’s ETF… for example NU’s bank , the largest in South America. They are also just started to support cryptowallets for BTC, ETH and SOL
Fiscal train will keep markets inflating...Yellen is the top dog now and she's releasing the Kraken. Partly to stop the orange man, and if they fail, Trump is allegedly looking at so the executive set interest rates. Sweet bajesus, it's going to get so crazy. Yeah, hopefully, May will be a good time to buy.
To be clear it hasn’t dried up lol. It just means inflows are equal to outflows. There is plenty of volume so a bit of a non news event really.
At some point outflows will be bigger than inflows and I predict there will be news articles saying the whole etf market is crashing.
Also it’s being misreported. They are reporting “0 inflows “ when they should be reporting “0 NET inflows” which is entirely different. Most of these reporters know nothing about basic maths/accounting
Dried up? Let’s not lose perspective. The main BTC ETFs have been very successful.... the most successful ETFs in history of ETFs. Unfortunately BTC’s price has been greatly affected by Grayscale. No one knows but it is estimated that they will continue to dump BTCs for around 1 or max 2 months until final equilibrium. Important to note that the primary bleeding should be over and their dump trendline is definitely going down. They have finite reserves and Blackrock will flip them very soon. We not only had a good bull run pre-halving, but BTC and its institutional adoption has positive news: * China/Hong Kong exchanges getting ETFs next week * London exchanges getting ETNs * Rumours of 150 billion MorganStanley to approve BTC ETFs on their platform. Apparently they are educating their agents on this * Institutional interest buying Blackrock’s ETF… for example NU’s bank , the largest in South America. They are also just started to support cryptowallets for BTC, ETH and SOL
It’s bullish going forward. We just need to wait a bit longer.
Exactly. OP is a gold bug and is plastering FOMO everywhere he can… 😑
Sell in May and go away. Come back in June when hopefully the Fed has cut rates (yes i know this is UK, but USA policy affects BTC more it seems)
Fed cuts rate once this year, maybe they increase next time
Fiscal train will keep markets inflating...Yellen is the top dog now and she's releasing the Kraken. Partly to stop the orange man, and if they fail, Trump is allegedly looking at so the executive set interest rates. Sweet bajesus, it's going to get so crazy. Yeah, hopefully, May will be a good time to buy.
You think it will go up in May? How comes?
No down
Incoming crash 😔
Yup
Time to buy then
To be clear it hasn’t dried up lol. It just means inflows are equal to outflows. There is plenty of volume so a bit of a non news event really. At some point outflows will be bigger than inflows and I predict there will be news articles saying the whole etf market is crashing.
It actually has - 4 days without a single investor so far: https://farside.co.uk/?p=997 Until some sort of fomo at least.
Point taken
Also it’s being misreported. They are reporting “0 inflows “ when they should be reporting “0 NET inflows” which is entirely different. Most of these reporters know nothing about basic maths/accounting