Tweet for up-to-date and crucial Bitcoin ETF statistics
"Funds are sucking Bitcoin out of the market"
They collected close to $1,500,000,000 worth of Bitcoin in wallets 😮 in 9 trading days.
-They buy literally everything they can get-
Let's see the details.
$1.459 billion is about 34,000 bitcoins, which is currently worth an average of $43,000.
- Miners count 900 bitcoins per day, and 11,700 bitcoins have been mined in 13 days since the funds began, so everything mined these days is bought
Add to them ... An additional 22,300 bitcoins were purchased, and the funds ended up in storage fac
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