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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[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?

[Vincom]

Congratulations to the BTC spot ETF for having large cash flows from investors in the United States, and I think the BTC spot ETF funds/providers will receive huge management fees this year 

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

I would never sell my BTC to buy a BTC spot ETF. There are many reasons for that:

• I have a BTC address and know how to use a self-custodial wallet to store and transfer my BTC.
• I don't have so much BTC that I need someone else to manage it for me.
• I don't want to pay even 0.25% management fee per year.
• I am not a US citizen, I simply cannot invest in BTC spot ETF.

Sorry BlackRock, Fidelity, Bitwise, ArkInvest... you will never have my BTC 

[thecodebear]

119k Bitcoin by a couple days ago. And as of morning of the 25th (yesterday) Blackrock alone had already added about 1600 more btc to their ETF holdings since a day or two before. So ETF market (excluding GBTC) is probably up to 125k now, or over $5 billion, in just two weeks!

Seems like the ETF market currently is adding probably roughly $100 million a day, maybe more (obviously was higher the first few days the ETFs were open).

If the FTX/Grayscale selling is basically over, and the sell-the-news market participants are done, both likely to be true at this point I think, then the ongoing large accumulating of bitcoin from the ETFs is going to start shocking the supply soon. If ETF buying can hold in the $50 - $100 million per day (1k-2k btc) range in the coming months that is going to cause a huge upward pressure on the price, and even moreso in three months after the halving. Wouldn't be surprised to see Bitcoin hitting $50k in February as ETFs soak up a lot of supply and the sell-the-news people buy back in as they see the price recover up through the $40,000s.

[Zlantann]

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

I have no intention to sell my Bitcoin to anybody or any firm until I get to my projected profit margins. Bitcoin is a life long investment so I am very careful of how I dispose regardless of the profit. Selling might be easy but one might not have the funds to refill our wallets because the price might skyrocket in the future. So we should always look beyond the offers by these ETF operators.

If the FTX/Grayscale selling is basically over, and the sell-the-news market participants are done, both likely to be true at this point I think, then the ongoing large accumulating of bitcoin from the ETFs is going to start shocking the supply soon.

The withdrawal from Grayscale is not sell orders this means it is not that people are selling Bitcoin for fiat. It is just a transfer of ownership from FTX/Grayscale to BlackRock. Within a few months, we might start seeing the impact of the accumulation by these ETF providers on the price of Bitcoin.

[dkbit98]

Very interesting to see that most of this companies are using Coinbase exchange as their custodian, except VanEck using Gemini exchange and only Fidelity is using self-custody.
This tells you we still have long road ahead of us until people realize importance of self-custody and holding your own keys.
Shut down, compromise or hack Coinbase and most of this ETF's are gone.

[nelson4lov]

Very interesting to see that most of this companies are using Coinbase exchange as their custodian, except VanEck using Gemini exchange and only Fidelity is using self-custody.
This tells you we still have long road ahead of us until people realize importance of self-custody and holding your own keys.
Shut down, compromise or hack Coinbase and most of this ETF's are gone.

ETF is still a win regardless of that downsides because it puts Bitcoin in the limelight. when we convert new investors to hardcore Bitcoin users, we can become more vocal about self custody and its benefits because I don't think mainstream investors are ready to custody their assets while dealing with things like security and their keys. I will be on the lookout for the Coinbase quarterly report for 2024. It should be really good since they custodian for a lot of ETF companies.

The withdrawal from Grayscale is not sell orders this means it is not that people are selling Bitcoin for fiat. It is just a transfer of ownership from FTX/Grayscale to BlackRock. Within a few months, we might start seeing the impact of the accumulation by these ETF providers on the price of Bitcoin.

The same way all the withdrawals from GrayScale are not sell orders is the same way all of them are not just transfers to other ETF companies. Some grayscale users might just be selling for profits like FTX has done in the last 2 weeks.

[tranthidung]

Very interesting to see that most of this companies are using Coinbase exchange as their custodian, except VanEck using Gemini exchange and only Fidelity is using self-custody.
This tells you we still have long road ahead of us until people realize importance of self-custody and holding your own keys.
Shut down, compromise or hack Coinbase and most of this ETF's are gone.

I always think that it is best to buy and store bitcoin by ourselves no matter it is big or small investment. People who spend money to invest in Bitcoin Spot ETFs should know they have double risk.

Risk from management of that Bitcoin Spot ETF.
Risk from the custodial entity, here most Bitcoin Spot ETFs choose Coinbase.

By the way, just know that there is another Bitcoin Spot ETF tracker.

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

[thecodebear]

If the FTX/Grayscale selling is basically over, and the sell-the-news market participants are done, both likely to be true at this point I think, then the ongoing large accumulating of bitcoin from the ETFs is going to start shocking the supply soon.

The withdrawal from Grayscale is not sell orders this means it is not that people are selling Bitcoin for fiat. It is just a transfer of ownership from FTX/Grayscale to BlackRock. Within a few months, we might start seeing the impact of the accumulation by these ETF providers on the price of Bitcoin.

That is simply not true. Much of the Grayscale selling has not be moved over to other ETFs. FTX alone sold over a billion dollars of bitcoin in grayscale. And there was estimated to be a couple billion dollars of money that came into grayscale in recent months with the intention of just using it as an arbitrage trade to pick up the difference in that negative NAV Grayscale had and then selling once that price difference disappeared upon being converted into an ETF. I'm sure SOME of Grayscale selling was people moving to ETFs with cheaper fees, likely at the very least half, and probably more, of the selling simply left the market and didn't go into another ETF.

No idea why you think all the grayscale selling is just going to other ETFs when that is very plainly not true.

[franky1]

If the FTX/Grayscale selling is basically over, and the sell-the-news market participants are done, both likely to be true at this point I think, then the ongoing large accumulating of bitcoin from the ETFs is going to start shocking the supply soon.

The withdrawal from Grayscale is not sell orders this means it is not that people are selling Bitcoin for fiat. It is just a transfer of ownership from FTX/Grayscale to BlackRock. Within a few months, we might start seeing the impact of the accumulation by these ETF providers on the price of Bitcoin.

That is simply not true. Much of the Grayscale selling has not be moved over to other ETFs. FTX alone sold over a billion dollars of bitcoin in grayscale. And there was estimated to be a couple billion dollars of money that came into grayscale in recent months with the intention of just using it as an arbitrage trade to pick up the difference in that negative NAV Grayscale had and then selling once that price difference disappeared upon being converted into an ETF. I'm sure SOME of Grayscale selling was people moving to ETFs with cheaper fees, likely at the very least half, and probably more, of the selling simply left the market and didn't go into another ETF.

No idea why you think all the grayscale selling is just going to other ETFs when that is very plainly not true.

..
however it technically is true.. for both statements
the coins are sold.. but also the coins are bought (thats how trade works) the bought coins are then moved to blackrock

when coins unlock(within coinbase) from grayscale, they are sold for fiat. meaning FTX gets fiat (FTX dont retain the coins)
AP's for blackrock use fiat to buy baskets of btc within coinbase to lock into blackrock
they do it via coinbases hotwallet of coins.
unlocking-sell-buy-relocking

coins cannot move "in-kind" from grayscale to blackrock. they have to be sold at the custodian(coinbase) for cash and then bought in cash to then lock into the other ETF(via coinbase)

[tranthidung]

That is simply not true. Much of the Grayscale selling has not be moved over to other ETFs

We can know exactly how many percent of sold bitcoin from Grayscale was absorbed in OTC or Spot markets and by what investors or Bitcoin Spot ETFs.

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

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

Bitcoin Spot ETFs take spotlight of cryptocurrency market last two weeks and there are some more sites build up their Bitcoin Spot ETF trackers.

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

[thecodebear]

If the FTX/Grayscale selling is basically over, and the sell-the-news market participants are done, both likely to be true at this point I think, then the ongoing large accumulating of bitcoin from the ETFs is going to start shocking the supply soon.

The withdrawal from Grayscale is not sell orders this means it is not that people are selling Bitcoin for fiat. It is just a transfer of ownership from FTX/Grayscale to BlackRock. Within a few months, we might start seeing the impact of the accumulation by these ETF providers on the price of Bitcoin.

That is simply not true. Much of the Grayscale selling has not be moved over to other ETFs. FTX alone sold over a billion dollars of bitcoin in grayscale. And there was estimated to be a couple billion dollars of money that came into grayscale in recent months with the intention of just using it as an arbitrage trade to pick up the difference in that negative NAV Grayscale had and then selling once that price difference disappeared upon being converted into an ETF. I'm sure SOME of Grayscale selling was people moving to ETFs with cheaper fees, likely at the very least half, and probably more, of the selling simply left the market and didn't go into another ETF.

No idea why you think all the grayscale selling is just going to other ETFs when that is very plainly not true.

..
however it technically is true.. for both statements
the coins are sold.. but also the coins are bought (thats how trade works) the bought coins are then moved to blackrock

when coins unlock(within coinbase) from grayscale, they are sold for fiat. meaning FTX gets fiat (FTX dont retain the coins)
AP's for blackrock use fiat to buy baskets of btc within coinbase to lock into blackrock
they do it via coinbases hotwallet of coins.
unlocking-sell-buy-relocking

coins cannot move "in-kind" from grayscale to blackrock. they have to be sold at the custodian(coinbase) for cash and then bought in cash to then lock into the other ETF(via coinbase)

Yes a trade is someone buying what someone else is selling. Not sure what you're arguing here or why you are trying to describe what trading is haha, I understand how trades work :p

My point was to dispel the other person's mistaken assumption that all the grayscale selling was simply to move that money into other ETFs, which is very much false as perhaps a majority of grayscale selling was either arbitrage trades on the Grayscale NAV or FTX selling off their assets in Grayscale, and that money entirely left the market and did not move to other ETFs. ETFs are not a closed ecosystem simply buying and selling to one another.

A bunch of money left the market from Grayscale, some money got traded from Grayscale to other ETFs, and a bunch of new money came into the market through ETFs. Of the billions of dollars that actually left the market from Grayscale (was not simply moved to other ETFs), that selling had to be absorbed by the already existing spot market as well as the new money flowing into the other ETFs.

It does seem that people think the Grayscale exodus will be ending soon though, so that selling will dry up while the new money flowing into ETFs and the spot market will no longer have to absorb massive Grayscale leaving-the-market sell orders and so price will continue to recover and move up.

I was just pointing out the guy's very mistaken assumption, I wasn't arguing how trading works haha

[franky1]

A bunch of money left the market from Grayscale, some money got traded from Grayscale to other ETFs, and a bunch of new money came into the market through ETFs. Of the billions of dollars that actually left the market from Grayscale (was not simply moved to other ETFs), that selling had to be absorbed by the already existing spot market as well as the new money flowing into the other ETFs.

there are two ways of exiting fiat from having grayscale shares
A. just buying and selling shares within grayscale to play Nav within grayscale and get fiat from other grayscale traders by selling shares
(this is seen by the "volume" of trades in grayscale(does not affect grayscales coin holdings))
B. purchasing/having baskets worth of shares to then request share dissolving/redemptions to then get fiat via coinbase after coinbase unlocks BTC to sell BTC to spot market/otc market.
(this is seen by the dilution of coins custody total)

when you see how much coin dropped out of grayscale and how much coin accumulation other ETF have you can see pre-post basket redemptions where the coins ended up
even when getting fiat to pay down the FTX claim. that was (b). not (a)
but when DCG handed FTX the fiat after coinbase sold the coin... other ETF AP were on the buying side of that coinbase sell off to accumulate those coin to put into ETF

coinbase did not have a hoard of fiat to give DCG to then pay FTX. the fiat came from other ETF AP wanting to buy baskets of coin to lock coins into other ETF

[tranthidung]

As expected, the latest report shows that selling pressure from Grayscale is reducing. It is still early to conclude it will be a trend but we already have some signals for it.

There is $225 net inflow from all Bitcoin Spot ETFs and new 9 ETFs will soon surpass MicroStrategy as you can see from the two following table and chart.^{original links are in images.}

Let's keep eyes on it and when OTC market is no longer enough for Bitcoin Spot ETFs to buy, they will join Spot market.

[Pumared]

As expected, the latest report shows that selling pressure from Grayscale is reducing. It is still early to conclude it will be a trend but we already have some signals for it.

There is $225 net inflow from all Bitcoin Spot ETFs and new 9 ETFs will soon surpass MicroStrategy as you can see from the two following table and chart.^{original links are in images.}

Let's keep eyes on it and when OTC market is no longer enough for Bitcoin Spot ETFs to buy, they will join Spot market.

It will be interesting to see them all buying and what will happen when the OTC market cannot meet all the demand. More ETFs are being approved, including one in China.

There should be an impact on supply soon and added to the halving, this should benefit all holders

[thecodebear]

As expected, the latest report shows that selling pressure from Grayscale is reducing. It is still early to conclude it will be a trend but we already have some signals for it.

There is $225 net inflow from all Bitcoin Spot ETFs and new 9 ETFs will soon surpass MicroStrategy as you can see from the two following table and chart.^{original links are in images.}

Let's keep eyes on it and when OTC market is no longer enough for Bitcoin Spot ETFs to buy, they will join Spot market.

It will be interesting to see them all buying and what will happen when the OTC market cannot meet all the demand. More ETFs are being approved, including one in China.

There should be an impact on supply soon and added to the halving, this should benefit all holders

Yeah exactly. I have no idea how long it'll take until the OTC selling market starts drying up and supply from exchanges is going to have to start being bought and moved into the OTC market for these ETFs, but with Grayscale selling going down, and with the other ETFs still buying up hundreds of millions of dollars of bitcoin each day, I imagine it won't take too long.

If OTC market has to start pulling thousands of bitcoin daily from exchanges in order to fill ETF buy orders that's definitely gonna start affecting the price in a big way.

[franky1]

showing flows of $ is pointless
normally better to show holdings of BTC

as of today(based on yesterdays deals)
Grayscale: 496,573
blackrock: 56,629

grayscale is still removing coins from custody and blackrock is still gaining coin

update: 31/jan/24 for position of 30th
Grayscale: 487,025
blackrock: 63,488

[thecodebear]

On the 30th Grayscale sold 5000+ bitcoin while Fidelity bought 2700+ and Blackrock had a huge day buying almost 7000. So with the other smaller ETFs another maybe ~$200 million net positive day for ETFs.

Grayscale selling has slowed down substantially but selling 4000/5000 bitcoin per day is still a lot. Wonder how long that will last. I figure it's likely most of the money that was straight up exiting the market from Grayscale through FTX and arbitrage trades, which was probably like $3-$4 billion, has done so at this point, and these few thousand daily bitcoin being sold now are probably mostly going into all the other ETFs, with these ETFs providing roughly a commiserate amount of new buying as well.

New money flowing into ETFs is probably roughly $200m on a daily basis, which is very large! If this number can optimistically hold throughout February that'd be about $4 billion scooping up bitcoin into ETFs this month, figuring bitcoin price will go back up to so let's say average $47k price that'd be another 85,000 bitcoin scooped out of the market this month. I would think that would run the OTC selling market pretty dry by then and OTC would have to start pulling from exchanges, though I don't really have any idea how big the OTC market is.


Update:

and apparently Fidelity and Blackrock flipped yesterday, with Fidelity buying ~5400 BTC while Blackrock "only" bought ~2700 BTC. Grayscale sold ~4300 BTC.

So two days ago Grayscale sold 5186 BTC and the rest bought 10,730 BTC, for a net positive buying of 5544 BTC or about $235 million.
And yesterday Grayscale sold 4364 BTC while the rest bought 8962 BTC, for a net positive 4598 BTC or about $195 million.

Biiiig daily numbers of buying through ETFs still three weeks after they launched.

[franky1]

Update:

and apparently Fidelity and Blackrock flipped yesterday, with Fidelity buying ~5400 BTC while Blackrock "only" bought ~2700 BTC. Grayscale sold ~4300 BTC.

blackrock: 66,200.01 (previous day blackrock: 63,488) +2,712
grayscale: 482,592 (previous day Grayscale: 487,025) -4,433

close enough

[adaseb]

Yes it’s nice seeing the GBTC flows decline and for us to have positive flows for the rest of the etfs.

I think since we seem to be having more small bank issues like we did back in March 2023, we might see bitcoin get even more flows as more small and medium banks get seized by fdic. Seems that since the BTFP is ending that there will be more pain in the banking sectors.

People will no longer feel safe keeping their money in banks and will search for a better alternative such as bitcoin.