$BTC | 13F season keeps producing headlines about a firm multiplying its Bitcoin ETF position. The number trends for a day, then the filing goes stale. Filings lag. Flows don't. SatoshiMacro's IBIT vs FBTC vs GBTC tracker plots the daily version of that rotation: IBIT holds over USD 60B inflows since its 11 Jan 2024 launch, FBTC runs roughly 0.85 daily correlation with IBIT at a fifth of its size, and GBTC has shed near USD 20-23B against a 1.50 percent fee versus 0.25 percent. On the desk we treat one 13F line as a lagging snapshot, not a signal. My read: FBTC's daily share is the better tell. Limitation: Farside's prints move before filings catch up. ASX's VBTC charges 0.45 percent.
https://satoshimacro.com/tools/crypto/etf-flows/ibit-vs-fbtc-vs-gbtc/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_trend
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