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Impressive performance yesterday! The ten recorded their second-largest volume day, marking the best day in the past five, with a volume of $8.5 billion (only five stocks traded more). While $IBIT surged significantly again (with double the volume of $GLD), the middle of the pack also experienced a notable uptick, with $HODL and $BTCO registering volumes of 150 million and 250 million, respectivelyā€”remarkable achievements for them. #HotTrends #TrendingTopic: #ETFTracker
Impressive performance yesterday!

The ten recorded their second-largest volume day, marking the best day in the past five, with a volume of $8.5 billion (only five stocks traded more). While $IBIT surged significantly again (with double the volume of $GLD), the middle of the pack also experienced a notable uptick, with $HODL and $BTCO registering volumes of 150 million and 250 million, respectivelyā€”remarkable achievements for them.

#HotTrends #TrendingTopic: #ETFTracker
Bitcoin ETFs reached new highs in 2023, with some nearly doubling in valueā€‹ā€‹. Upcoming Bitcoin ETFs could attract a $14B+ influx, signaling a promising year ahead for crypto investments. The Bitcoin ETF Tracker is now live! Visit our website to track - tradedog.io #BitcoinETF Ā #ETFTracker Ā #CryptoInvesting Ā #Bitcoin
Bitcoin ETFs reached new highs in 2023, with some nearly doubling in valueā€‹ā€‹.

Upcoming Bitcoin ETFs could attract a $14B+ influx, signaling a promising year ahead for crypto investments.

The Bitcoin ETF Tracker is now live!

Visit our website to track - tradedog.io

#BitcoinETF Ā #ETFTracker Ā #CryptoInvesting Ā #Bitcoin
How much BTC are the ETF funds holding? - BlackRock iShares Bitcoin ETF (IBIT): 203,755 - Fidelity Bitcoin ETF (FBTC): 127,807 - ARK Bitcoin ETF (ARKB): 37,828 - Bitwise Bitcoin ETF (BITB): 28,553 + Some other smaller funds But how much BTC does Grayscale still hold? They still hold a significant amount, totaling 388,925 BTC, which is more than the current combined figure of BlackRock + Fidelity. However, on a daily basis, some BTC leaves Grayscale and flows into other funds, and over time, BlackRock could become the largest Bitcoin ETF fund. As of now, those who really wanted to sell, such as FTX, DCG, and Genesis, have sold off, and those who dislike the high fees of GBTC (1.5%) may have switched to other funds in the past two months. So, who is still selling? šŸ¤” Looking at the money flow history over the past two months, it is evident that, except for a few exceptional cases, when Grayscale sells more, BlackRock and Fidelity receive more. Although there is no detailed data on the money flow between the funds, it is possible that money from GBTC is flowing into BlackRock and Fidelity. It is assumed that the directors of BlackRock and Fidelity have reached out to the organizations holding GBTC and persuaded them to switch to their funds. Why does Grayscale still maintain a high fee of 1.5% per year, while other funds charge only ~0.25%? The CEO of Grayscale stated that they have managed a large amount of BTC, while new funds have to start from scratch. Therefore, they can take advantage of this time to charge a high fee for a large quantity, even though they know this could lead to investors gradually leaving their fund. Additionally, they also mentioned that they have contracts with certain companies, so not everyone who wants to sell GBTC can easily do so at this moment. In the end, the amount of BTC Grayscale sells is not important. What matters is how much the remaining funds have received and whether the money flow is positive or negative.#BTC #Grayscaleā€™s #BlackRockIBIT #ETFTracker #Write2Earnā€¬
How much BTC are the ETF funds holding?

- BlackRock iShares Bitcoin ETF (IBIT): 203,755
- Fidelity Bitcoin ETF (FBTC): 127,807
- ARK Bitcoin ETF (ARKB): 37,828
- Bitwise Bitcoin ETF (BITB): 28,553
+ Some other smaller funds

But how much BTC does Grayscale still hold?

They still hold a significant amount, totaling 388,925 BTC, which is more than the current combined figure of BlackRock + Fidelity. However, on a daily basis, some BTC leaves Grayscale and flows into other funds, and over time, BlackRock could become the largest Bitcoin ETF fund.

As of now, those who really wanted to sell, such as FTX, DCG, and Genesis, have sold off, and those who dislike the high fees of GBTC (1.5%) may have switched to other funds in the past two months. So, who is still selling? šŸ¤”

Looking at the money flow history over the past two months, it is evident that, except for a few exceptional cases, when Grayscale sells more, BlackRock and Fidelity receive more. Although there is no detailed data on the money flow between the funds, it is possible that money from GBTC is flowing into BlackRock and Fidelity. It is assumed that the directors of BlackRock and Fidelity have reached out to the organizations holding GBTC and persuaded them to switch to their funds.

Why does Grayscale still maintain a high fee of 1.5% per year, while other funds charge only ~0.25%?

The CEO of Grayscale stated that they have managed a large amount of BTC, while new funds have to start from scratch. Therefore, they can take advantage of this time to charge a high fee for a large quantity, even though they know this could lead to investors gradually leaving their fund. Additionally, they also mentioned that they have contracts with certain companies, so not everyone who wants to sell GBTC can easily do so at this moment.

In the end, the amount of BTC Grayscale sells is not important. What matters is how much the remaining funds have received and whether the money flow is positive or negative.#BTC #Grayscaleā€™s #BlackRockIBIT #ETFTracker #Write2Earnā€¬
We just released our new Bitcoin ETF Tracker tool that lets you track daily BTC ETF inflows as well as check real-time info on the net assets, volume, price, and daily price changes of all currently active ETFs all on one page. And as a bonus, you can take nice-looking screenshots of the daily ETF flows directly through the website and share them anywhere you want. #etfflows #BitcoinETFs #BTCETF #ETFTracker
We just released our new Bitcoin ETF Tracker tool that lets you track daily BTC ETF inflows as well as check real-time info on the net assets, volume, price, and daily price changes of all currently active ETFs all on one page.

And as a bonus, you can take nice-looking screenshots of the daily ETF flows directly through the website and share them anywhere you want.

#etfflows #BitcoinETFs #BTCETF #ETFTracker
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