Bitcoin Spot ETF Tracker

[tranthidung]

Bitcoin Spot ETFs just have a worst day in their money flow so far with a largest outflow day that is a third consecutive red day too.

The author of charts wrote his opinion on this.

The average purchase price (cost) for the $11.57 billion net flows since January 11 is $57.5K for all ten spot BTC ETFs, and $55.1K if GBTC is excluded.

So, another 10% to 13% correction will result in the unrealized profits being at zero.

If BTC does trade to this level, we'll get a big clue about the type of buyer (strong or weak-handed). Yesterday's record outflow from these ETFs indicates, I believe, that they lean more toward the "weak-hands" variety.

From the chart, we can see a big open space under $60,000 and if Bitcoin loses that support, it will potentially drops to about $51,000 to $53,000, the price channel from which it broke out weeks ago.

Will support from Bitcoin Spot ETFs be able to help Bitcoin holds its price above $55,000 to $57,000 in coming weeks?

There is a shortage in gold - in silver even more. Silver is going nickel*

The author of "Rich Dad, Poor Dad" tweeted many times that he considered silver is one of best investment assets since Pandemic Covid-19.

About gold, you can read this report.
Gold Prices Record Their Strongest October Surge In Nearly Half A Century.

[Peter90]

There is a shortage in gold - in silver even more. Silver is going nickel*

The author of "Rich Dad, Poor Dad" tweeted many times that he considered silver is one of best investment assets since Pandemic Covid-19.

Thanks Tran,
I've heard many times that RDPD title mentioned, but I didn't know what it is about.
As far as silver goes, I said it's going nickel... well we could also make a more recent example and say... it's going cocoa! 




Back to Bitcoin Spot ETF Tracker!

[tranthidung]

Last week, Grayscale has massive outflow and both BlackRock, Fidelity ETFs could not cover it with their inflows. The recent outflow from Grayscale probably comes from Genesis but if their outflow rate continues, they will have nothing left next 90 days.

Sooner or later, selling pressure from Grayscale redemptions will stop and other new Bitcoin Spot ETFs with majority of purchases from BlackRock and Fidelity will bring Bitcoin on a positive direction.

At the current rate of redemptions, GBTC runs out of Bitcoin to sell in 96 DAYS.

Since GBTC started trading as an ETF on 11th January, Grayscale has transferred 266.47K BTC out of their wallets for GBTC redemptions.

That’s a rate of 25.9K BTC per week.

[Peter90]

Will Hong Kong BTC ETFs Spark The Halving rally?

China's Largest Funds Apply For Spot Bitcoin ETF In Hong Kong


Hi tran
are you going to track HK BTC ETFs too?

[pacar_tiri]

Last week, Grayscale has massive outflow and both BlackRock, Fidelity ETFs could not cover it with their inflows. The recent outflow from Grayscale probably comes from Genesis but if their outflow rate continues, they will have nothing left next 90 days.

Sooner or later, selling pressure from Grayscale redemptions will stop and other new Bitcoin Spot ETFs with majority of purchases from BlackRock and Fidelity will bring Bitcoin on a positive direction.

At the current rate of redemptions, GBTC runs out of Bitcoin to sell in 96 DAYS.

Since GBTC started trading as an ETF on 11th January, Grayscale has transferred 266.47K BTC out of their wallets for GBTC redemptions.

That’s a rate of 25.9K BTC per week.

At least we need the right time or maybe approximately how many days they will buy Bitcoin again, because like the data you provided they are selling very hard, when all the Bitcoin they have is gone it will make them buy Bitcoin again and will possibly trigger a bullrun.

[rizqillah]

Last week, Grayscale has massive outflow and both BlackRock, Fidelity ETFs could not cover it with their inflows. The recent outflow from Grayscale probably comes from Genesis but if their outflow rate continues, they will have nothing left next 90 days.

Sooner or later, selling pressure from Grayscale redemptions will stop and other new Bitcoin Spot ETFs with majority of purchases from BlackRock and Fidelity will bring Bitcoin on a positive direction.

At the current rate of redemptions, GBTC runs out of Bitcoin to sell in 96 DAYS.

Since GBTC started trading as an ETF on 11th January, Grayscale has transferred 266.47K BTC out of their wallets for GBTC redemptions.

That’s a rate of 25.9K BTC per week.

At least we need the right time or maybe approximately how many days they will buy Bitcoin again, because like the data you provided they are selling very hard, when all the Bitcoin they have is gone it will make them buy Bitcoin again and will possibly trigger a bullrun.

It seems like they are still waiting for the bitcoin halving moment, and obviously they will buy again when the dump occurs. Big investors have also prepared their USD to buy bitcoin again. I don't have large funds so I will just follow the movement of trading volume.

[tranthidung]

are you going to track HK BTC ETFs too?

This is initially for Bitcoin Spot ETFs in the USA and before the USA. there are Bitcoin Spot ETFs in Canada too.

I rely on data from other sources and whether they track HK Bitcoin Spot ETFs or not, I am unsure. In addition, most biggest impacts will be from Bitcoin Spot ETFs in the USA.

It seems like they are still waiting for the bitcoin halving moment, and obviously they will buy again when the dump occurs. Big investors have also prepared their USD to buy bitcoin again. I don't have large funds so I will just follow the movement of trading volume.

Halving is always most expected event in Bitcoin market and around a halving, there will be a lot of uncertainty so that the market and price can be affected by fud. The list is for 30 holders of IBIT but these holders account for only about 0.2% of shares.

[NikeFit_7777]

I wonder in the light of current events (ETH-ETF adoption) - will we see an update of new peaks? It seems to me that the 80k zone on bitcoin and 5k on ETH is quite acceptable. Also try not to overestimate expectations (in case of not achieving the values) so that it would not be so frustrating. 

P.S. What's happening in the market right now, I believe is maximum euphoria and it's worth it to lock in gains a bit. With a little bit of risk management. And don't pass the buck while doing so, that's not insignificant. 

[tranthidung]

I wonder in the light of current events (ETH-ETF adoption) - will we see an update of new peaks? It seems to me that the 80k zone on bitcoin and 5k on ETH is quite acceptable. Also try not to overestimate expectations (in case of not achieving the values) so that it would not be so frustrating. 

It will take some months for Bitcoin to complete this correction wave and accumulation phase before we see another blast off months later.

I expect a much higher top than $80k for Bitcoin in this bull run but DCA out within one market cycle and bullish months is a good strategy if you don't want to hold your bitcoin for more than 1 market cycle.

P.S. What's happening in the market right now, I believe is maximum euphoria and it's worth it to lock in gains a bit. With a little bit of risk management. And don't pass the buck while doing so, that's not insignificant. 

During this uncertain and chaotic period of the market, don't use Leverage/ Futures trading. You will increase your risk to be liquidated by exchanges by using leverages, futures.

[TopT3ns]

I wonder in the light of current events (ETH-ETF adoption) - will we see an update of new peaks? It seems to me that the 80k zone on bitcoin and 5k on ETH is quite acceptable. Also try not to overestimate expectations (in case of not achieving the values) so that it would not be so frustrating. 

P.S. What's happening in the market right now, I believe is maximum euphoria and it's worth it to lock in gains a bit. With a little bit of risk management. And don't pass the buck while doing so, that's not insignificant. 

If the Ethereum ETF is approved by the SEC, there is a possibility that the Ethereum price will reach a new ATH and of course there will be very good price movements in Ethereum.
So far we can see that Bitcoin has been the first to be accepted into the ETF and has had a very high increase in the price of bitcoin.

[Peter90]

Bitcoin ETFs Suffer Worst Day Ever





This means the total net inflow since inception has fallen to USD11.2bn.




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