$BTC ETF’s outflows are looking pretty ugly
Another $201 million flowed out on Monday
That’s three straight days of outflows
BlackRock alone saw $213 million leave
IBIT has seen redemptions for seven straight trading days
Since October 30
It alone has seen $1.66 billion flow out
BTC ETFs as a whole are down
$1.1 billion in net outflows so far this year
At this point in each of the previous two years
There had been $25 billion in net inflows for the year
That’s quite a contrast
$ETH hasn’t fared much better
$185 million flowed out on Monday
BlackRock’s Ethereum fund saw $119 million leave
Only one fund saw inflows
Morgan Stanley’s
It took in $22 million
What’s interesting is
ETFs are seeing outflows every day
While Saylor is still buying
He bought another 1,037 coins last week
He now holds 850,000
At an average cost of 75456
The coin price, 73856, is below his cost basis
This time he’s really buying while underwater
The coin price is now 73856
The 73200 level is still holding
It hasn’t broken
But with ETFs seeing flows like this
Simply holding the line on price isn’t enough
Once Tuesday’s flow data comes out
That’ll be the next signal
If there are outflows for a fourth day
Then institutions are lining up to leave
What do you think
Are these outflows a shakeout before a bottom
Or has nobody left to buy
Just my personal opinion, not investment advice
#ETF
Another $201 million flowed out on Monday
That’s three straight days of outflows
BlackRock alone saw $213 million leave
IBIT has seen redemptions for seven straight trading days
Since October 30
It alone has seen $1.66 billion flow out
BTC ETFs as a whole are down
$1.1 billion in net outflows so far this year
At this point in each of the previous two years
There had been $25 billion in net inflows for the year
That’s quite a contrast
$ETH hasn’t fared much better
$185 million flowed out on Monday
BlackRock’s Ethereum fund saw $119 million leave
Only one fund saw inflows
Morgan Stanley’s
It took in $22 million
What’s interesting is
ETFs are seeing outflows every day
While Saylor is still buying
He bought another 1,037 coins last week
He now holds 850,000
At an average cost of 75456
The coin price, 73856, is below his cost basis
This time he’s really buying while underwater
The coin price is now 73856
The 73200 level is still holding
It hasn’t broken
But with ETFs seeing flows like this
Simply holding the line on price isn’t enough
Once Tuesday’s flow data comes out
That’ll be the next signal
If there are outflows for a fourth day
Then institutions are lining up to leave
What do you think
Are these outflows a shakeout before a bottom
Or has nobody left to buy
Just my personal opinion, not investment advice
#ETF