Bitcoin Spot ETF Tracker

[franky1]

Do you already have Friday's data?

they only report 4 days a week

tuesday release (of mondays activity)
wednesday release (of tuesdays activity)
thursday release (of wednesdays activity)
friday release (of thursdays activity)

i beleive its mostly due to this information being the reports that go to SEC which need last filing of thursdays activity on the friday so SEC can review it before they go home for weekend

+1: bitcoin 24/7 + open ledger
-1: wallstreet, part time business hours - only when required to release info

[JayJuanGee]

Do you already have Friday's data?

they only report 4 days a week

tuesday release (of mondays activity)
wednesday release (of tuesdays activity)
thursday release (of wednesdays activity)
friday release (of thursdays activity)

Friday doesn't have any activity?

If there is Friday activity, then when does such friday activity get reported?  Never?

[franky1]

Do you already have Friday's data?

they only report 4 days a week

tuesday release (of mondays activity)
wednesday release (of tuesdays activity)
thursday release (of wednesdays activity)
friday release (of thursdays activity)

Friday doesn't have any activity?

If there is Friday activity, then when does such friday activity get reported?  Never?

im not on about share trading volume stuff..
im on about reporting the BTC custody movements at the back end

[thecodebear]

The website I look at for the ETFs data reports Friday data on Monday. The data always comes the next business day, so Friday always comes on Monday (or Tuesday if Monday is a holiday). But since the OP said the week's inflows were 30k I thought maybe wherever he was getting his data already had Friday's numbers, especially since through Thursday was actually 32k, not 30k, and it was 30k as of Wednesday, so if he follows some place that already gave Fridays' data I was thinking maybe Friday was another huge day of Grayscale selling and so the net numbers were like 2k btc negative.

But also maybe he for some reason was using only Mon-Wed numbers when he gave the week's data. We'll find out on Monday when Friday data is in.

[franky1]

seems someone poked the bear.. IBIT(blackrock) updated its holdings* on a sunday for fridays(as of) asset grab
now sitting at 164,501.39 from 161,265.81 so only a small 3,235 one days worth grab

blackrocks own site
https://www.blackrock.com/us/financial-professionals/products/333011/ishares-bitcoin-trust#holdings

previous weeks they didnt update at weekends and usually wont see the activity(if they did any accumulations friday/monday) until reported on a tuesday
.. kinda annoying when they break the mold/dont do things in a pattern. but oh well

[thecodebear]

Yep I guess that 30k was for the full week as Friday's numbers were negative 2.2k bitcoin because of ~8.5k Grayscale selling.

A second day in a row of huge Grayscale sales suggest I was probably right about Genesis starting to sell off their shares, which if they are doing this everyday they will finish up this week. So we should expect a low week of net etf buying this week.

[tranthidung]

We can check Bitcoin Spot ETFs' service fees with links in OP but I just saw a summary table for it. It is helpful to summarize the fee war among Bitcoin Spot ETFs.
source.

• Grayscale is the outlier with most expensive fee. They are losing customers.
• BlackRock and Fidelity are in a most cheapest fee range and they are winners now. We have to know that they already are big ETF management entities and have good reputation before joining Bitcoin market.
• Other Bitcoin Spot ETFs can have same cheap fees like BlackRock and Fidelity or even cheaper but it is impossible for them to compete against these two.

[thecodebear]

I guess they are starting to put the data out earlier, they already have yesterday's numbers up. Despite another 5000+ BTC sold by Grayscale, inflows were ~8800 yesterday, and considering the price was around $67k/68k most of yesterday, that means inflows were probably just shy of $600 million. Another huuuuge day of TradFi loading up on BTC.

[tranthidung]

After 37 days, those Bitcoin Spot ETFs bough 375k BTC and soon will hit 400k BTC, maybe tomorrow. They bought many bitcoins from small investors who wanted to take profit around 2021 All time high.

BlackRock just has its highest purchasing day, on day #37 of trading, with 12,623 BTC bought on this day.

Imagine what will happen if they continue with this purchasing rate or even higher, after Bitcoin block subsidy halves in April?

One note, with real trading data, some Bitcoin Spot ETFs look weak and it will be hard for them to maintain operations after some months or after this bull market.

[franky1]

looking at blackrocks reporting again

https://www.blackrock.com/us/financial-professionals/products/333011/ishares-bitcoin-trust#holdings
they are again back to showing previous of 29th where USD is about $183k 'as of' before the weekend
and today showing btc hoarding of 183k
(drop down "as of" only has these 2 reports. where again oldest USD is near-on same as newest BTC)




lets again see if next step up is 209k btc in next coming days report

[franky1]

BlackRock just has its highest purchasing day, on day #37 of trading, with 12,623 BTC bought on this day.

Imagine what will happen if they continue with this purchasing rate or even higher, after Bitcoin block subsidy halves in April?

One note, with real trading data, some Bitcoin Spot ETFs look weak and it will be hard for them to maintain operations after some months or after this bull market.

One note, with real trading data, some Bitcoin Spot ETFs look weak and it will be hard for them to maintain operations after some months or after this bull market.

some ETF are not popular/not trading much because the stock exchange they sit on is not the famous ones like nasdaq so pension funds dont buy into them. so i wonder why the ETF applicants spent months applying to be listed on less popular markets..

that said the trading volumedrama of blackrock shares may not be actual pension funds buying shares, but simply investors/AP/Brokers day trading against each other(not many whales but each whale repeatedly buying in and selling out repeatedly to take small 1% profit repeatedly multiple times a day), after all most pension portfolios, buy and hoard for atleast a quarter and upto many years

[tranthidung]

some ETF are not popular/not trading much because the stock exchange they sit on is not the famous ones like nasdaq so pension funds dont buy into them.

It's logic that giants will gain most of customers like BlackRock, Fidelity.

so i wonder why the ETF applicants spent months applying to be listed on less popular markets..

They did it with green signal lights from Grayscale's won lawsuit against SEC. and application of BlackRock. With participation of BlackRock, they saw good signal of approval after a won lawsuit from Grayscale.

I guess they hoped that they can get something from their new product, Bitcoin Spot ETF. Just hope.

• There is $2.93B in latest 7 days and the chart shows most of days have positive Bitcoin ETF flows.
• Bitcoin Spot ETFs are making noise and biggest ones like Black Rock, Fidelity are one of most successful ETFs ever. When will those ETFs buy bitcoin to the future supply of Bitcoin that is 1,352,179 more BTC.

[thecodebear]

Me trying to get used to the fact that ETFs net buying $300 million to $600 million of bitcoin each day is just the norm now haha

The other ETFs combined are probably like two days away from passing Grayscale's holdings. Should happen on Friday, or Monday at the very latest. Which should also be the day that the ETFs in total pass 800k Bitcoin! Gonna pass 1 million bitcoin this Spring.

[tranthidung]

You guys don't know a script on trading view to get Bitcoin Spot ETF volumes cumulatively and individually.

• https://www.tradingview.com/script/6CtUUCF5-Daily-Spot-Bitcoin-ETF-Volumes-USD/

BlackRock now has more bitcoins than MicroStrategy, after only 40 days of trading since an approval from SEC.

[thecodebear]

ETFs picked up about another 33.6k bitcoin this week. Which was probably well over $2 billion of inflow.

[franky1]

some ETF are not popular/not trading much because the stock exchange they sit on is not the famous ones like nasdaq so pension funds dont buy into them.

It's logic that giants will gain most of customers like BlackRock, Fidelity.

so i wonder why the ETF applicants spent months applying to be listed on less popular markets..

They did it with green signal lights from Grayscale's won lawsuit against SEC. and application of BlackRock. With participation of BlackRock, they saw good signal of approval after a won lawsuit from Grayscale.

im not on about the ETF trusts.. im on about the stock markets (nyse/nasdaq/cboe)

what i meant was.. why bother wasting all the legal costs of applying to be a ETF but do it by listing under some uncommon stock market like CBOE
if i was to start a ETF id definitely be choosing nasdaq/LSE/NYSE. not some backyard dust bunny stock market like being listed on CBOE

the only logical conclusion is the entry fee to be listed on a stock market is higher on NYSE/NASDAQ that the small players had to choose CBOE

[tranthidung]

The institutionalization of Bitcoin

Some interesting points from it.

• About 11% of future supply is the % owned by Institutions and Spot ETFs are quickly growing.
• Both Bitcoin and gold make new all time highs but Bitcoin Spot ETFs got massive positive net flows while oppositely Gold ETFs are bleeding with negative net flows. It signals changes in thinking and practice of people, investors on how they store their asset and do investment.

Grayscale continues to be bleeding but yesterday is a green day for Bitcoin.

The fee war continues and because lack of interest from investors, ETFs like Vanguard started to waive their service fee until 31st, 2025.

IMPORTANT UPDATE!

Because we believe in bitcoin so much, starting tomorrow, you can invest in VanEck Bitcoin Trust (HODL) with no fees until March 31st, 2025.*

*During the period commencing on March 12, 2024, and ending on March 31, 2025, the Sponsor will waive the entire Sponsor Fee for the first $1.5 billion of the Trust’s assets. If the Trust’s assets exceed $1.5 billion prior to March 31, 2025, the Sponsor Fee charged on assets over $1.5 billion will be 0.20%. All investors will incur the same Sponsor Fee, which is the weighted average of those fee rates. After March 31, 2025, the Sponsor Fee will be 0.20%.

Learn more: http://vaneck.com/HODL
Prospectus: http://vaneck.com/hodlprospectus/

[franky1]

Both Bitcoin and gold make new all time highs but Bitcoin Spot ETFs got massive positive net flows while oppositely Gold ETFs are bleeding with negative net flows. It signals changes in thinking and practice of people, investors on how they store their asset and do investment.[/li][/list]

the reason is simple

gold mining of 2021-22 seen the cost of mining rise due to inflation of diesel cost of mining gold
this meant the speculative market post-mining seen gold ATH in 2023
however diesel costs dropped by 35% last year back to near normal levels so indicators are gold can see miners mining more often again cheaper,  which will correct the gold price down in 2024-25

however with bitcoin adding demand(etf) and reward halving next month. the cost of mining and the demand for BTC is on a 2024-2025 rise
in short btc up gold down

and so people are selling gold etf and buying btc etf

[tranthidung]

however with bitcoin adding demand(etf) and reward halving next month. the cost of mining and the demand for BTC is on a 2024-2025 rise
in short btc up gold down

and so people are selling gold etf and buying btc etf

Yes, it is the point in long term, not only around the halving.

People smell chance to gain profit in Bitcoin and if they invest in Gold ETF, they will switch to Bitcoin ETF. It's natural!
 

[franky1]

im guessing blackrocks USDCash number is a indicator 'code' of how many coin estimates they want for the following week