NIKOLAUS: Retail Keeps Selling Bitcoin to ETFs, Don’t Sell Your BTC To Whales
The post NIKOLAUS: Retail Keeps Selling Bitcoin to ETFs, Don’t Sell Your BTC To Whales appeared on BitcoinEthereumNews.com.
What We’re Reading: HODL15Capital Follow Nikolaus On X Here For the past few weeks I have been keeping up with HODL15Capital on X, who has done a tremendous job at posting some of the quickest incoming market data regarding the U.S. spot Bitcoin ETFs. Recently, there have been two charts in particular he has posted that have caught my eye. Nine months ago, the SEC approved spot Bitcoin ETFs for trading, and since then, the ETFs have seen huge inflows during eight out of those nine months. Since their inception, these ETFs have seen inflows of 312,488 BTC while miners have only created 169,942 new bitcoin. Number of Bitcoin purchased by 🇺🇸 #Bitcoin ETFs each month👇$IBIT $FBTC $GBTC $ARKB $BITB $HODL $BRRR $EZBC $BTCW pic.twitter.com/mpeurOCUcR — HODL15Capital 🇺🇸 (@HODL15Capital) October 1, 2024 These ETFs have been the fastest growing ETFs in history, like BlackRock CEO Larry Fink stated, with no real signs of slowing down, especially as we head into a period of time that has been historically bullish for Bitcoin. These ETFs are gobbling up all the available BTC leaving many thinking: Who could possibly be selling right now? And according to HODL15Capital, it appears to be smaller BTC holders, selling directly into the hands of the ETFs and institutions. 🚨 Small Bitcoin holders continue to sell to ETFs and $MSTR 🤷♂️ pic.twitter.com/hV42fDVlps — HODL15Capital 🇺🇸 (@HODL15Capital) September 26, 2024 We’re seeing state pension funds, large institutions, wealthy investors and other major players buy and hold shares of these ETFs. Even ETF issuers like BlackRock are buying shares of its own Bitcoin ETF for their other funds. Long story short, I’m seeing smart money pouring into this asset class and, while that is great for the price of BTC, it pains me to watch smaller holders sell their bitcoin directly to the institutions. Holding Bitcoin over the long term has…
Filed under: News - @ October 1, 2024 9:24 pm