The three inscription carriages of sats, rats, and cats will influx a large amount of bitcoins in the short term, and the pie will grow further. Yes, it is not stablecoins that are coming in, but the pie, because all the inscription transactions on the chain will It is settled in Bitcoin.
After the BTC ETF was approved, ETF funds have been net inflows, but the market has been in a sideways and volatile trend, most likely because it was offset by miners' selling.
Judging from the published data, the amount of ETF inflow on the 18th trading day was US$33 million. There are a total of 10 ETF institutions. The only institutions worth paying attention to are Grayscale Fund, BlackRock, and Fidelity Group. Grayscale Fund also holds 20 billion US dollars in BTC, BlackRock has more than 3 billion US dollars, and Fidelity Group More than 2.5 billion US dollars, which means that these three institutions hold more than 1 billion US dollars, and the daily capital inflows of other institutions are even less than 1 million US dollars.
Grayscale continues to sell off, but the overall capital outflow is decreasing, with only more than 100 million U.S. dollars. Other institutions (mainly BlackRock and Fidelity) have a daily capital inflow of about 100 million U.S. dollars. In recent trading days, crypto has Market funds are in a state of inflow, but the inflow of less than US$100 million is simply negligible for BTC with a market value of nearly US$1 trillion.
ETF is a long-term benefit for the crypto market. It provides funds from traditional financial institutions and a large number of users with a compliant and convenient channel to enter the crypto market. The premise that ETF can promote the continuous rise of BTC is that customers continue to buy. In the long term, Bitcoin will It is the constraint of fiat currency inflation in the real world. That is to say, after the long-term fiat currency, especially the US dollar, turns on the money printing press, the rise of BTC is almost inevitable.
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