/biz/ - Business & Finance

>>57351521
It seems the ETFs had to file how much Bitcoin they had on hand at the beginning of the ETF sales.
Here's a list. Note the "Assets", that's BTC

>>57348182
>Etfs? The Bitcoin for them was already purchased
Nope it wasn't
All the ETFS together held 111.66 BTC on day one before the sale.
More disinfo just like,, it's paper bitcoin dude.

>>57277661
First thing is that Tweet says -95 Billion
It's -95 Million.

So total inflows were 750 Million
OTC at Coinbase is 60 Billion.
Also the ETFS all hold Billions of BTC to begin with.

Grayscale for example has 26 Billion of BTC as of this morning.
https://platform.arkhamintelligence.com/explorer/entity/grayscale

It's going to take some time to deplete The ETFs already held BTC
and Coinbase's OTC 60 Billion.

...but it WILL happen and then the moonshot.
Same thing happened with the Gold ETF. It went down for two weeks before the moonshot.

>>57270679
They are. Gold price went down the first week of it's ETF After two weeks it moonshotted and never came back down.

This is just people selling the 25 Billion of GBTC private Fund to buy into the ETFS with lower administration cost. GBTC was sold and the ETFS have T+1 days to settle.

>>57265364
>you retards realize that they have been slowly stacking their btc for months
Not true. We can see all their buys going back to 2015

For example. The largest fund Blackrock holds 621 BTC. $29 Billion USD.

https://platform.arkhamintelligence.com/explorer/entity/grayscale

Buys today (Day one) on their ETF where around 11 billion.
Stop trying to scare people.

>>57263662
>This is what confuses me too. I just don't understand why MORE bitcoin would need to be purchased unless there was a need to create more ETF shares.

See the Assets column vs the Volume column.
They will have to buy the difference. The Assets is the amount in dollars of BTC/BCH/BSV they already hold.

>>57261412