Today’s Nuggets
Grayscale Expects Equilibrium
90% of ETF Inflows are Retail?
ETFs Draw In Nearly 20% of Liquid Supply!
The Ponzi Hedge is Working!
Asia is Joining the Bitcoin Party?
Bitcoin Spot Trading is Back!
Bitcoin Over Real Estate?
U.S. Inflation Continues to Roll
Bitcoin New All-Time Highs Soon?
Paraguay Pivot!
As a reminder for those interested in Bitcoin-only content then, the playlist can be found here:
https://www.youtube.com/playlist?list=PLWTRLGkkf1kTTbIDdv-P6ykul7a8iUXYf
Only eight days to go!
It will zip by in no time.
Coincidence that this is happening before the halving?
The flush is nearly over!
Michael Sonnenshein (CEO of Grayscale Investments) stated on Wednesday that the firm's fund is beginning to stabilize its outflows, as reported by Reuters. He mentioned that this stabilization comes after a phase of considerable capital withdrawal propelled by switch trades and settlements arising from the bankruptcies of DCG, Genesis, FTX, etc.
There could still be a little bit of a bleed coming out because of their higher than normal fees, which Grayscale is talking about reducing their fees too.
In 62 trading days, Grayscale has bled over 303,000 Bitcoin - approximately half of their bag - which was sucked up with no problems.
"I was surprised, but I don't think it's traditional investors yet. I still think 90% of the flows are retail. You've had some Bitcoin whales and some other institutions move some assets in, but they were already exposed to Bitcoin," according to Jan van Eck, CEO of VanEck.
Over the last 30 days, 90% of the flows are now retail.
We have had some Bitcoin whales come in early and institutions move some assets in, but they already had some type of exposure to the asset.
Welcome back, retail!
838,000 BTC are in U.S. ETFs, which is 4.3% of the total supply
If you exclude the BTC that has not moved in the last 3 years, it is 8.4% of the liquid supply
If you exclude the BTC that has not moved in the last year, it is 18.70% of the liquid supply - nearly 20 percent of liquid supply is now in the ETFs!
The Halving is
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