Hello!
We had some days off at work and I visited Munich. It was fun and I had a really good time. Today I got back to work and I'm trying to catch on all the news. I was wondering what the ETF had done this last week so I checked my 2 favorite websites: heyapollo and farside.
But first I was wondering how many Bitcoin is hodling each of one of the ETFs. I know that Blackrock was way ahead, but they accelerated lately.
Here you have an image from heyapollo that's worth a thousand words:
Blackrock is hodling 3 times more Bitcoin as Fidelity, which is in the second position. Another interesting information we can extract from this chart is that Grayscale GBTC is now in the third position. They were ranked number 1 just a year and a half ago but the Giants are now leading.
The others are quite small compared to the first in the podium. They all hodl now more than 1 million Bitcoin. To be precise: 1,168,810 Bitcoin according to this information.
If they follow the same growth they will hodl more than 2 Bitcoin in the next 2 years. Crazy numbers!
If we take a look at the inflows and outflows:
We can see that we are very close to break all time highs (if we haven't already). Super good news!
The supply shock will be hard to swallow, it doesn't make any sense that we are still battling the $94,000 with this amount of buy pressure from the ETFs and the Bitcoin corporations.
Is something happening behind the curtains? Probably. But at some point price will follow the same direction as this 2 charts. It's just a matter of time that we see the bulls visiting us again.
Stay safe out there.
I hope you have a great week!
Posted Using INLEO