Bitcoin Spot ETF Tracker

[tranthidung]

Bitcoin Spot ETF approval is a very big milestone for Bitcoin market. It makes Bitcoin more 'legal' and attract bigger capital to this market.

A website to track Bitcoin Spot ETFs' holdings.

• https://heyapollo.com/bitcoin-etf

If you use Twitter, you can follow

• https://twitter.com/thomas_fahrer
• https://twitter.com/Capital15C

We will not see instant effects from Bitcoin Spot ETFs on Bitcoin Spot market because those companies are buying Bitcoin through OTC market. Soon they will knock the Bitcoin Spot market and let's use your imagination to see how price will react.

Bitcoin Spot ETF Trackers

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Link

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Notes

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Heyapollo.com

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ETF details (fee), charts exclusively animated

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Bitcoin Strategy

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Chart, Newsletter

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Blockworks.co

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ETF details (fee, status, AUM ..)

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Coinglass.com

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ETF details (fee, status, AUM ..)

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ETFdb.com

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Bitcoin ETFs List (factsheet, ...)

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Farside.co.uk

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Bitcoin ETF Flow (table, cumulative flow chart)

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Bitcointreasuries.net

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Bitcoin ETF overview, stats, balance sheet history

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Daily Bitcoin Spot ETF volumes on Trading View

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A script on Trading view.

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Note:

• It was posted first in that topic, on Bitcointalk
• I leave the source link to avoid plagiarism accusation.
• I excluded/ included minor things from an original thread ^{if necessary}.

[tranthidung]

If you want to watch Grayscale holding, Coinglass has a chart for it

• https://www.coinglass.com/pro/gray/Grayscale

Bitwise Bitcoin ETF (BITB) announced its Bitcoin public address

BlackRock and Fidelity speed up their accumulation and temporarily stand strongly at two first positions if we exclude Grayscale.

If you want to watch an animated video for Bitcoin Spot ETF accumulation race, visit the website.

• https://heyapollo.com/bitcoin-etf

Cathie Wood made another decision to rotate $BITO to $ARKB. She looks very bullish with Bitcoin but it is not strange as 25% of her assets is in Bitcoin.

Since the launch of 11 Bitcoin Spot ETFs, they have bought 119,020 [btc].

Do you hold your bitcoin or sell it to those Bitcoin Spot ETFs?

List of Bitcoin Spot ETFs and their fees.

• Fee is a partial reason of migration from Grayscale.

[tranthidung]

There are some other Bitcoin Spot ETF trackers.

• https://www.bitcoinstrategyplatform.com/etfs

You can subscribe to their newsletter on Substack.

• https://bitcoinstrategy.substack.com/i/141070189/live-etf-tracker

Some more

• https://blockworks.co/bitcoin-etf
• https://www.coinglass.com/bitcoin-etf
• https://etfdb.com/themes/bitcoin-etfs/
• https://farside.co.uk/?p=997

[tranthidung]

A summary report from BitMEX research for Bitcoin Spot ETF Flow with data from 11 Jan to 26 Jan 2024.

Grayscale is a hub of market observation because of huge outflow from Grayscale and they actually caused selling pressure as well as some uncertainty and fear in the market last two weeks. Grayscale assumed to sell their bitcoin in OTC market but effects from their selling is in psychological aspect as well.

This week will help us to discover whether the sell pressure from Grayscale will reduce much more or even stop.

[yhiaali3]

This is true, as I read in some Telegram channels that Grayscale amounts are distributed among some ETF funds as follows:

The first stage: transferring the amount from Grayscale to the deposit wallet in Coinbase.
The second stage: Transfer from the Coinbase deposit wallet to the Hot wallet for direct trading.
The third stage: Transferring the amount from the Hot Coinbase wallet to the BlackRock wallet.
This means that the Coinbase platform operates as an OTC platform at these stages.
What is the purpose of these restricted fund transfers or sales? The goal is only one: market balance.

Conclusion: The market will start to rise if they enter the stage of direct purchase from the spot market.

[tranthidung]

What is the purpose of these restricted fund transfers or sales? The goal is only one: market balance.

Conclusion: The market will start to rise if they enter the stage of direct purchase from the spot market.

Grayscale bought bitcoin on behalf of their customers and recent days, they did not sell bitcoins for themselves but sell it on behalf of customers. Reasons behind customer request can be they already feel enough profit and want to take profit; or they want to move to other Bitcoin Spot ETFs with cheaper fees than Grayscale.

Whatever actual reasons are, I believe selling pressure from Grayscale will become smaller and smaller with time. They don't have unlimited bitcoin to sell and not all their customers want to exit from Grayscale.

More important, other Bitcoin Spot ETFs have bigger capital to spend for buying than what Grayscale has for selling.

On day 11, after approvals, there is $225 net inflow from all Bitcoin Spot ETFs and new 9 ETFs will soon surpass MicroStrategy.

[yhiaali3]

Whatever actual reasons are, I believe selling pressure from Grayscale will become smaller and smaller with time. They don't have unlimited bitcoin to sell and not all their customers want to exit from Grayscale.

More important, other Bitcoin Spot ETFs have bigger capital to spend for buying than what Grayscale has for selling.

It is certain that the selling pressure from Grayscale will get smaller and smaller over time because their amounts of Bitcoin are eventually limited and they will soon have to stop at some point because it is impossible that they will sell all the amounts they have.

So yes, when other Bitcoin Spot ETFs buy this Bitcoin, there will be a kind of balance in the market and a fair distribution of Bitcoin among these companies, which may be a reason for relative stability in the market when these quantities run out.

[tranthidung]

It is certain that the selling pressure from Grayscale will get smaller and smaller over time because their amounts of Bitcoin are eventually limited and they will soon have to stop at some point because it is impossible that they will sell all the amounts they have.

I expect the same and I think it is a logical expectation.

A little bit correction, selling pressure from Grayscale will stop when their customers stop submit request to Grayscale to withdraw money. Then Grayscale will stop deposit their bitcoins to Coinbase and sell it.

So yes, when other Bitcoin Spot ETFs buy this Bitcoin, there will be a kind of balance in the market and a fair distribution of Bitcoin among these companies, which may be a reason for relative stability in the market when these quantities run out.

There is another site which has existed for a long time, with data on Bitcoin Treasuries include Bitcoin Spot ETFs.

• https://bitcointreasuries.net/

Click on each Bitcoin Spot ETF to see overview, stats, balance sheet history.

• For example, iShares Bitcoin Trust

Buying momentum from Big 4 Bitcoin Spot ETFs are incredible.

[yhiaali3]

There is another site which has existed for a long time, with data on Bitcoin Treasuries include Bitcoin Spot ETFs.

• https://bitcointreasuries.net/

Click on each Bitcoin Spot ETF to see overview, stats, balance sheet history.


Buying momentum from Big 4 Bitcoin Spot ETFs are incredible.

Really amazing information, thank you for the site that has a lot of good information and charts about ETF.

It is truly astonishing the large quantities that these companies are purchasing. It is clear that there is great competition and this is normal since this market is new and promising and still in its infancy, but we do not know how long this momentum will continue.

The thing that surprised me is that there are some governments that held large quantities of Bitcoin, especially the United States and China, The amount held by the United States is 215,000 bitcoins and China is 190,000 bitcoins!!

I honestly do not know what is the governments purpose behind acquiring these large quantities?

[tranthidung]

Really amazing information, thank you for the site that has a lot of good information and charts about ETF.

It is truly astonishing the large quantities that these companies are purchasing. It is clear that there is great competition and this is normal since this market is new and promising and still in its infancy, but we do not know how long this momentum will continue.

Their accumulation rate is incredible!

We have another chart that includes Grayscale (buying, selling) and this one reflects the current trend of all Bitcoin Spot ETFs. Those companies did not spend a lot of money and resources to research about Bitcoin, chance to get approvals for Bitcoin Spot ETF application and actually submitted their applications.

The chart shows up, down then up again and I believe a trend for coming months will be up.

The thing that surprised me is that there are some governments that held large quantities of Bitcoin, especially the United States and China, The amount held by the United States is 215,000 bitcoins and China is 190,000 bitcoins!!

I honestly do not know what is the governments purpose behind acquiring these large quantities?

Mostly from their seizures on criminals.

[Peter90]

The chart shows up, down then up again and I believe a trend for coming months will be up.

Even more interesting is how BTC ETFs' net flows impact BTC price movements, in other words whether net in- and outflows correlate with price movements.





So - if my eyes don't deceive me... - we can say that:
a) since approval BTC ETFs have been main drivers of BTC price.
b) it was Grayscale's ETF selling that caused the price drop after the approval.
Am I right?

[ZAINmalik75]

We will not see instant effects from Bitcoin Spot ETFs on Bitcoin Spot market because those companies are buying Bitcoin through OTC market. Soon they will knock the Bitcoin Spot market and let's use your imagination to see how price will react.

You said well, the only reason causing less volatility in the current spot BTC market is due to the OTC trading, but one thing I don't understand is BTC market is driven by the factor of demand and supply but it also drove by the influence of the sentiments of the investors. If one of the ETFs companies is selling and buying from each other then why would it impact the market.

Because BTC is coming from one wallet and going into another wallet without being trading on exchanges means via OTC so they should not impact the market but they still make some impact on the market and you are saying in future the impact will be full. Why do you think they will chose market instead of OTC trading?

[Peter90]

We will not see instant effects from Bitcoin Spot ETFs on Bitcoin Spot market because those companies are buying Bitcoin through OTC market. Soon they will knock the Bitcoin Spot market and let's use your imagination to see how price will react.

You said well, the only reason causing less volatility in the current spot BTC market is due to the OTC trading, but one thing I don't understand is BTC market is driven by the factor of demand and supply but it also drove by the influence of the sentiments of the investors. If one of the ETFs companies is selling and buying from each other then why would it impact the market.

Because BTC is coming from one wallet and going into another wallet without being trading on exchanges means via OTC so they should not impact the market but they still make some impact on the market and you are saying in future the impact will be full. Why do you think they will chose market instead of OTC trading?

I don't think that buying OTC doesn't impact the BTC price.

The OTC market is not a black market, in the sense that the price in the OTC market is equal to the official price, otherwise arbitrage would take place: the black market's price of an item is different from the regulated market's price because it concerns goods whose trade is limited... or banned... or whose price is fixed by law.

BTC OTC market is not a black market because BTC trade is neither limited nor banned, nor its price is set by law.

No OTC seller will sell under the "official" price, of course.
No OTC seller will be able to sell above the official price: the buyer would go on the open market.
Conversely, no OTC buyer will buy above the official price.
Every OTC buyer will be ready to buy under the official price, but won't find any.

So there are constraints. Open/regulated markets and OTC markets are intertwined (e.g. through arbitrageurs).
I agree with TTD that buying OTC could - short term - not affect the market price, but imo it would be really short term.

[Faisal2202]

Since the launch of 11 Bitcoin Spot ETFs, they have bought 119,020 [btc].

Do you hold your bitcoin or sell it to those Bitcoin Spot ETFs?

That's a lot of BTC for 11 Bitcoin ETFs, I am amazed to see the charts, actually, I did not know before how much BTC which company has in total and what's the total amount of BTC that have been accumulated by these ETFs companies, but this data is really helpful, thanks for that (+1). I will bookmark these websites for future use.

And I am glad that I hold onto my BTC, at least some of them, actually, I had to sell some to manage some funds, but I hope in the future I will be able to accumulate more, halving is still 2 months away. One thing I have admitted as a first-time investor in BTC who is waiting for the bull run to make some profit is that holding is not as easy a task as it looks. After seeing the data, I am glad that I have my BTC and didn't sell them till now, they might not make me rich but I will be at better place than now.

PS: Are we allowed to make consecutive posts on this forum?

[tranthidung]

I don't think that buying OTC doesn't impact the BTC price.

It does, please read below.

You said well, the only reason causing less volatility in the current spot BTC market is due to the OTC trading, but one thing I don't understand is BTC market is driven by the factor of demand and supply but it also drove by the influence of the sentiments of the investors. If one of the ETFs companies is selling and buying from each other then why would it impact the market.

The market works with speculation from participants, with fear and greed.

Even buying bitcoin through OTC market will not directly affect price on Spot market, it will impact in another way, indirectly. Like people in the market will make their speculation and feel greedy.

You need example, let's use what media and people expected when FED announced plan to increase interest rate. They will speculate much higher interest rate and total times of increases from FED than what FED actually do.

When FED announced that they are going nearly to a time point for decreasing interest rate, people will speculate it more positively than what will be actually executed by FED in future.

Why do you think they will chose market instead of OTC trading?

If you read my posts above, you can see I wrote that supply for OTC market is limited and surely smaller than for Spot market. Bitcoin Spot ETFs will massive capital to spend, will sooner or later have to buy bitcoins more in spot market than in OTC market.

I don't say they will stop accumulation through OTC market 100% but they will still do it through both markets. It's just Spot market will be bigger resource for them in future.

Some updates on Bitcoin Spot ETFs trading.

• Their total accumulated bitcoins already surpassed what MicroStrategy is holding.
• Selling pressure from Grayscale deceases as expected.
• After 26 days of trading, mostly we have green days with buying outperforms selling.