Bitcoin ETFs have seen significant inflows recently, with U.S. Bitcoin ETFs purchasing 25,700 BTC in the first week of June alone, equivalent to two months' worth of mining supply. This brings the total Bitcoin held by ETFs to over 1 million BTC, representing 5% of the BTC supply. BlackRock's Bitcoin ETF, IBIT, has been a major player, contributing significantly to these inflows, including 13,426 BTC worth $932 million. Despite these large purchases, Bitcoin's price has remained relatively stable, leading to questions about market dynamics. Hedge funds have been heavily shorting Bitcoin futures, potentially setting the stage for future price movements. Comparisons have been drawn to gold ETFs, which took years to achieve similar inflows. The rapid accumulation by Bitcoin ETFs, which have seen $14 billion in net new flows, suggests a growing institutional interest in the cryptocurrency market. Bitcoin ETFs have also marked their 19th day of inflows, with $1.8 billion flowing into them this week alone.
JUST IN: #Bitcoin ETFs take in +$2 BILLION in just 7 trading days. 👀 https://t.co/uyJNCzmkis
Over 534 entities, each managing assets exceeding $1 billion, have now incorporated #Bitcoin ETFs into their portfolios https://t.co/x0buYlgTvk
[THE BLOCK] Spot #Ethereum ETFs could capture up to 20% of #Bitcoin ETF flows, analyst predicts $ETH $BTC
ETHEREUM ETFS ABOUT TO STEAL 10-20% OF BITCOIN ETF FLOWS - Spot #Ethereum ETFs, when finally launched in full, are expected to capture as much as a fifth of the existing inflows to spot #Bitcoin ETFs in the United States, according to an analyst at leading exchange, @bitfinex.… https://t.co/ZpAKYhuewK https://t.co/SYLCFMAH2T
NEW: Global Spot Bitcoin ETFs now hold over $70 billion in #Bitcoin That's 5% of the BTC supply 🤯 https://t.co/NYqldI5SIn
Also worth noting that some of the large Bitcoin ETF holders, like Millennium and Schonfeld, are likely conducting the basis trade (Selling CME Bitcoin futures and buying spot ETFs) https://t.co/ajcUJAYG04 https://t.co/rlhURnvzna
NEW: Global Spot #Bitcoin ETFs now hold over $70 billion in #Bitcoin That's 5% of the BTC supply 🤯 https://t.co/TmvxjRuMKf
[1/2] - Bitcoin ETF Flow vs CME Bitcoin Futures Open Interest For those interested in data related to the claim from @cmsholdings, that some large hedge funds are buying the Bitcoin ETFs and selling CME futures, please see some charts below: https://t.co/J7sS3JcrVa https://t.co/HClMQRlOVT
In June, digital asset investment products saw a significant turnaround, with $2 billion in inflows. Ethereum led the charge, recording $69 million, its best performance since March. https://t.co/5joCfDMPiu
JUST IN: SPOT #ETHEREUM ETFS COULD STEAL 10-20% OF FLOWS TO SPOT #BITCOIN ETFS ~ BITFINEX
[COINSHARES] Digital asset investment products saw $2 billion in inflows, bringing the five-week total to $4.3 billion. ETP trading volumes for the week increased by 55% to $12.8 billion https://t.co/ZfmEy9bdmC
Huge $1.8bn inflows into BTC ETFs last week, but of course, price action tells us most of it was growing the old basis trade. https://t.co/7MgS1ko46m
Spot Ethereum ETFs could capture up to 20% of Bitcoin ETF flows, analyst predicts https://t.co/dSxJg5SqCV
last week's bitcoin etf flows were by far the highest in 3 months src: https://t.co/jW6Of0S51K https://t.co/aCbgaDoIdO
🚨JUST IN: $2 BILLION FLOWED INTO CRYPTO INVESTMENT PRODUCTS LAST WEEK - $4.3 BILLION OVER PAST FIVE WEEKS ~ COINSHARES
📊 Last week, digital asset investment products saw inflows of $2B, bringing the 5-week total to $4.3B. #Bitcoin led with $1.97B in inflows, while #Ethereum experienced its largest inflow week since March, totaling $69M. https://t.co/5bBfwZLOUH
US BITCOIN ETFS ACQUIRE TWO MONTHS' MINING SUPPLY IN ONE WEEK: DETAILS… - Spot Bitcoin exchange-traded funds (ETFs) in the United States have acquired the equivalent of around two months' worth of #Bitcoin’s mining supply in just the first week of June. - The 11 ETFs saw… https://t.co/f9ISvzIzaw https://t.co/r553lrm0Nq
UPDATE: US SPOT BITCOIN ETFS ACQUIRE THE EQUIVALENT OF TWO MONTHS' BITCOIN MINING SUPPLY IN THE FIRST WEEK OF JUNE
🇺🇸 U.S. Bitcoin ETFs acquired nearly two months’ worth of #Bitcoin mining supply within the first week of June, totaling approximately 25,729 BTC. This purchase, valued at around $1.83 billion, marks one of the largest buying weeks since mid-March. https://t.co/WEYMV1ngfe
Bitcoin spot ETF balances are at an all time high https://t.co/LHT0bCvQPM
State of the ETFs GBTC: Holding 285K #BTC & Outflows Slowing FBTC: Holding 175K #BTC & Steady Growth IBIT: Holding 305K #BTC & Explosive Growth #Bitcoin : Preparing to launch 🚀 https://t.co/KfGBIDXeKS
State of the ETFs GBTC: Holding 285K #BTC & Outflows slowing FBTC: Holding 175K #BTC & Steady Growth IBIT: Holding 305K #BTC & Explosive Growth #Bitcoin : Preparing to launch 🚀 https://t.co/hTce6tt70X
Missed the news today? 🔹 Crypto now in early majority era: Binance CEO 🔸 $BNB & other alts may rally if $BTC flips $69K 🔹 Arbitrum to distribute $215M for gaming 🔸 Intel and AfDB to train millions of Africans in AI 🔹 BTC volatility hovering within 6% of record low
Bitcoin ETF Overview leading into week ☝️ https://t.co/u3XD1hiVio
Last hour #Bitcoin inflows ☝️ https://t.co/k00HnhACo1
There are $12 billion worth of #bitcoin shorts up to $74,000. Wall Street firms are short big time. This is not necessarily a bearish play by Wall Street, by the way. It's likely part of the fiat games played to hedge risk and gain a premium spread. It involves selling #btc… https://t.co/nBesBfyrhP
The bitcoin CME narrative that ETF buyers were hedging against CME futs on the basis trade seemed a bit sus, so i had a look at CME data over the past month: Total OI increased by 400~ *5 btc per contract = $140m max short Meanwhile ETFs added $4b https://t.co/HdwA1U0O7I
Round 2 of massive accumulation by the #Bitcoin ETFs has commenced 👀 https://t.co/0ScwzurP3S
NEW: 34 ETFs own over 1M #Bitcoin combined 😲 https://t.co/bEQp4hbQkG
1 out of every 21 #Bitcoin is in the hands of ETF owners https://t.co/y9nrscrdJi
34 Spot #Bitcoin ETFs hold 1,031,973 BTC. https://t.co/qfZDYC8X7k
Global Bitcoin ETFs as of 6/7/2024 👇 https://t.co/ll66xxDe4k
U.S. spot ETFs could accumulate around 1 million ETH in five months based on the size of similar ETH products globally and CME futures open interest relative to bitcoin, K33 Research says https://t.co/mfMyVGIblo
#Bitcoin ETFs had $14B in net new flows in the first 5 months since their launch They did in 5 months what gold took 4 years to do https://t.co/BDGe4pPGqk
#Bitcoin ETFs bought 1.8 billion worth of BTC this week. Do you see what's happening? https://t.co/9XxFt8H7kp
Hedge funds are shorting #Bitcoin like never before. By shorting futures and snapping up ETF spots, they're setting the stage for a price explosion when those shorts close. https://t.co/JJCnxAe3bt
BlackRock alone bought 13,426 $BTC ($932m) this week
#Bitcoin ETFs bought 25,700 $BTC this week That’s more than 11 times the new mined supply https://t.co/EOqWwq4QKX
NEW: U.S. #Bitcoin ETFs purchased 2 months' supply last week #Bitcoin acquired by ETFs: 25,729 #Bitcoin mined: 3,150 https://t.co/P5JwOQFtm2
Consistent Inflows for US Spot #Bitcoin ETFs https://t.co/oHny62Khyg
ETFs are buying very large amounts of Bitcoin (scroll through my feed to see the numbers: weekly, daily). ETFs bought 263,000 YTD The price has be flat to slightly down since Mid-March. Who is selling? 👇🤷♂️👇 https://t.co/CwtYtgDkA2
U.S. Bitcoin ETFs bought 2 month's supply this week 👇 https://t.co/eNwBmShWpX
Everyone talking about top being in, diminishing returns, tempering expectations, never another alt season, scam market, risk management, quiet Summer.. Meanwhile $BTC consolidates at 69k, upcoming FOMC & potential cut, presidential debate w/ crypto at center stage, ETH ETF..
First physical gold ETF (GLD) launched nearly *20yrs* ago… In *5mos*, spot bitcoin ETFs already have nearly 60% AUM of gold ETFs. Gold ETFs = $105bil Spot btc ETFs = $61bil Consider this your spot btc ETF stat of the day.
$16b net Bitcoin ETF inflows since January. Adoption is growing. $IBIT maybe the most successful new ETF in history. Bitcoin price will surely follow the Power Law - means 40% CAGR for a while. https://t.co/X7PeBNMcA5
Buy #Bitcoin **Q2 13F’s are going to melt faces. The latest uptick in $BTC ETF inflows will be institutionally notable.
Buy #Bitcoin **Q2 13F’s are going to melt faces. The latest uptick in $BTC ETF’s will be institutionally notable.
NEW: 🇺🇸 Spot #Bitcoin ETFs bought 25,700 #BTC this week, while miners only produced 2,250 BTC. https://t.co/JZoUqXTxZK
This is the type of marketing material you will see when there are two crypto ETFs (BTC and ETH) BTC currently has 3.3x the market cap or ETH **if** inflows end up ~70/30, they’d be overweight ETH, and you’d expect these inflows to have a larger impact on ETH price big if… https://t.co/0FJ7UW9lSx
#Bitcoin ETFs bought more than 11 times the new mined $BTC supply this week Don’t need a PhD to understand what will happen 🚀 https://t.co/AdTUduZP3Z
🟧 POLL: How many Bitcoin will ETFs buy next week (Week 23)?
✅ June is off to a good start U.S. Bitcoin ETFs purchased 25,700 BTC during the first week $IBIT $GBTC $FBTC $ARKB $BITB https://t.co/3YvPAJfPAS
What can Gold ETFs tell us about Bitcoin? As @Vivek4real_ mentions, it took Bitcoin 5 months to get 15 Billion in inflows, versus 5 YEARS for Gold. In those 5 years, Gold price doubled, but then they doubled again in the next two years, even without any new flows. Bitcoin has… https://t.co/TjUOpc30JY
According to Lookonchain, a notable 3,689 BTC, equivalent to $261.91 million, was added across nine different ETFs on June 7. The influx was primarily driven by BlackRock. https://t.co/BaYXnApIs7
.@BlackRock’s IBIT Leads as US Spot #Bitcoin ETFs Enjoy 19th Day of Inflows https://t.co/oHny62Khyg
just this week - ETFs bought $1.8b of $BTC - 3 major banks cut rates for the first time in years - Trump called himself a 'crypto president' - Nvidia hit $3 trillion market cap for the first time yet you have ppl trying to convice you that top is in here bcos of a small flush?
The ETFs purchased 25,000 #Bitcoin this week Only 2,250 $BTC were mined https://t.co/Q3FKOtpyBJ
it took Gold ETFs 5 years to cross $15 billion in inflows. #Bitcoin did it in 5 months 🤯 https://t.co/lzGa3vnmZx
#Bitcoin Hedge Fund Shorts Reach New High Amid Price Fluctuations https://t.co/DQukunbfGP
Week 22 Update 👇 25,729 #Bitcoin purchased by the U.S. ETFs https://t.co/oHf1fAgeko https://t.co/9qijOt9WsY
Almost $2,000,000,000 of inflows into the #Bitcoin ETFs this week I wish all the bears good luck https://t.co/GfB1zCPiHM
Record hedge fund shorting of #Bitcoin on the @CMEGroup https://t.co/Y5lp1gXcTt
yes ~$14B in net new flows into bitcoin ETFs in the first 6 mo has been a remarkable success but ppl don't realize that gold ETFs had positive (and mostly increasing) flows for the next *EIGHT YEARS* after its own successful launch in 2004 https://t.co/wkBK2MtP5X
✅ Ladies & Gentlemen!! The Bitcoin ETF flippening 👇 @BlackRock 's Bitcoin ETF, $IBIT vs. @Grayscale 's $GBTC https://t.co/k3nmDbcQpe
Why haven’t we seen a surge in the price of #BTC yet? 🤔 Spot Bitcoin #ETFs in the United States have just notched their 19th day of inflows. Traders explain why it hasn’t led to a surge in the price of Bitcoin.👇 https://t.co/E7YUnObAtC
Lots of funds are buying #Bitcoin ETFs, shorting futures and locking in almost 100bps of risk-free monthly contango. Given all the pods with almost unlimited balance sheets, along with everyone else who likes to make money, why have they not been able to compress the contango… https://t.co/Asfu0vv65n