First day and already 7 billion dollars were purchased by the ETF issuers

[Anonymous No.57265303]

I think we can confidentely say it was a success.

[Anonymous No.57265304]

[Anonymous No.57265312]

>>57265303
But price didn’t go up so that just means that fake paper Btc was purchases and Jews got all the money while we got nothing

[Anonymous No.57265316]

>>57265303
I put the 50% of my 401k that I can trade freely in it today at the bottom

[Anonymous No.57265331]

>>57265304
that's the standard time for the daily price, it's not a time they find out what it costs or when they must buy.

They absolutely have teams doing TA and swinging a % of their bags 24/7

[Anonymous No.57265335]

>>57265312
that's because the product managers for the ETFs anticipated their needs for their clients so they don't have to go buy a bunch of fucking high prices BTC at the end of the day.
You're the retard not the fund managers..

[Anonymous No.57265338]

Does this mean by bitcoin will finally be worth something

[Anonymous No.57265350]

>>57265303
it was a success at transferring collected fees out of the bitcoin network and into the hands of the ETF managers

[Anonymous No.57265364]

you retards realize that they have been slowly stacking their btc for months.. its been priced in. the movement we've seen so far has been from them buying over time

[Anonymous No.57265375]

>>57265312
the price of bitcoin doesn't matter to them whatsoever.
if it's lower, they have to purchase more, until the funds flowing in from customers are converted to the allocation that their prospectus outlines. each one of them can be slightly different but they will all have some degree of cash holdings permitted so long as they generally track towards their NAV.

[Anonymous No.57265378]

>>57265335
silly esl. $4 billion is $4 billion. they don’t have it and the etf is a rug

[Anonymous No.57265387]

>>57265378
>they don’t have it
>a regulated security has none of what it claims to hold
actual fucking retard.

[Anonymous No.57265389]

>>57265364
ok so how was it priced in? Pricing in costs money and they haven't had the boomer cash flowing in yet

[Anonymous No.57265408]

>>57265387
It’s some faggit who thought they would make paper BTC for the ETF he’s been posting for months just a faggot coping bear

[Anonymous No.57265423]

>>57265387
silly esl, enron and Lehman brothers were regulated. regulated means some accountants you bribe look at your balance sheets every 10 weeks and you pay them under the table. but your third world country can’t cook street food without giving tourists diarrhoea so I wouldn’t expect you to know how sophisticated financial economies work
I pity esls I really do

[Anonymous No.57265435]

>>57265423
you type like a turd worlder. You're in no position to call anyone an ESL, lol

[Anonymous No.57265453]

>>57265389
They have capital. They buy BTC at lower prices. Basically they pumped BTC from $35-45k. So their average is somewhere around $40k. They can do this to “satisfy demand” on launch. But now they are selling all their BTC for $46k so roughly an 11% profit plus they rake in fees. How is this hard to understand? Eventually yes they will need to spot buy but no fucking way they don’t dump it first. And on top of that the volume today will NOT be repeated tomorrow or any time soon.

[Anonymous No.57265477]

>>57265435
>1pbtid
>RqG furiously makes another sock puppet to defend his impotent world view
To have their world view challenged is akin to a personal attack on the Esl and he must defend immediately else his life savings of 0.001 black rock ibit shares which he spent 5 years saving up for will be worth zero and he’ll go back to selling street food and tasty ecoli ice cream
I pity third worlders i really do

[Anonymous No.57265478]

>>57265312
exactly

[Anonymous No.57265485]

>>57265453
I think if they were to do that they would have done it last week. Because now they have a ETF Approval day to start from, and want to show off to clients how BTC is going up from here

[Anonymous No.57265508]

>>57265335
one of the unsurprising aspects of today is secondary exposure vehicles like MSTR and RIOT got crushed.
However, I wonder if part of the reason why miners got hit so hard was that it was miners selling their inventory via OTC to the ETFs.....so essentially the balance sheet assets of miners just go transferred to IBIT, etc...

regardless, 7B in purchases represents about 150,000 BTC. So that inventory has now been wiped out....will be interesting to see what next week brings..

[Anonymous No.57265512]

>>57265312
Maybe people sold the news retard.

[Anonymous No.57265566]

>>57265303
>the average daily volume of BTC sales on coinbase for the past 30 days is 12,766 BTC which is $592.8m USD at the current price
>7700/592.8 = nearly 13 times avg
>but the price today "opened" at $46,013 at midnight and the current price is $46,400
>only about $390 higher, a 0.65% move
>virtually unchanged
kek
you've been crabbed

[Anonymous No.57265587]

>>57265508
yeah that isn't unexpected at all. i've been harping on it all week. so far the only thing i've gotten wrong is GBTC was allowed to convert. they should have been forced to liquidate.

[Anonymous No.57265622]

>>57265566
exchanges must be making a killing

[Anonymous No.57265626]

>>57265508
the specific problem with the miners, especially RIOT, is that they systematically sell BTC
so even when everyone knew the price would continue upward to the day these ETFs begin trading, they've been just throwing bitcoin out the door since last august
they've literally lost hundreds of millions of dollars in opportunity cost AND they did it month after month, eyes wide open
who would be stupid enough to invest in that?

[Anonymous No.57265654]

>>57265587
>so far the only thing i've gotten wrong is GBTC was allowed to convert. they should have been forced to liquidate.
Nigger

[Anonymous No.57265663]

>>57265331
Why would they need do that? It's not their money.

[Anonymous No.57265668]

>>57265622
i believe the more trades get made, the more they make -- same as the fund managers. don't know the specifics. index funds are automated, literally just the exchange has an API and the fund manager systems consume it and auto-trade according to what it tells them, more or less in lock-step.
managers occasionally have to unroll mistakes made in the portfolio when the index data is wrong. happened to URNM a couple weeks ago.

[Anonymous No.57265706]

>>57265389
nigger.. these are they people who make money

[Anonymous No.57265709]

At the end of the day no one is going to buy shares of it if they are holding the price down just to make you mad.

[Anonymous No.57265788]

>>57265477
I noticed you fixed your capitalization turdie, good work :)

[Anonymous No.57266216]

>>57265303
So why are we still at $46,000?

[Anonymous No.57266235]

>>57265663
If they didn't they wouldn't be able to compete with those who did.

[Anonymous No.57266258]

>7 billion dollars purchased
>crabbed whole day
Yeah, this is a blackpill. It's ogre bros.

[Anonymous No.57266262]

>>57265788
>capitalization
The correct spelling is “capitalisation”

Places to learn English are:
Duolingo
Udemy
Tedx

[Anonymous No.57266340]

>>57266262
https://en.wikipedia.org/wiki/Capitalization

you can replace the 'en' in the link with whatever turdie language you speak, anon :)

[Anonymous No.57266360]

>>57265626
What’s your prediction for the next 6 months regarding BTC and blue chip alt price action? Are we gonna rug in the short term?

[Anonymous No.57266371]

>>57265387
you are the retard anon

THINKING ANYTHING IS BACKED BY ANYTHING

kek

[Anonymous No.57266597]

>>57265316
Thanks now it's gonna dump

[Anonymous No.57266611]

>>57265303
+ lots of weak hands left. Good day for our immediate future.

[Anonymous No.57266628]

>>57265304
Here is some more information about the amount of time that they have for settlement

"The iShares prospectus specifies that the settlement deadline is on the calendar day immediately following the day the Trade Credit was extended, or the next business day if it’s not a business day. This suggests a T+1 settlement cycle (Trade Date plus one business day) for the ETF transactions, quicker than the standard T+2 settlement cycle for many securities."

[Mairon No.57266650]

>>57265303
Isn't Ethereum better to jump in now than btc?

[Anonymous No.57266656]

>>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.

[Anonymous No.57266659]

>>57265453
Is that right ? Show us their buys
https://platform.arkhamintelligence.com/explorer/entity/grayscale

[Anonymous No.57266665]

>>57265566
They have 2 days for settlement.

[Anonymous No.57266670]

>>57266216
because they don't have to settle for 2 days.

[Anonymous No.57266681]

>>57265304
Wait this shit isn't 24 hours? Oh hell the etf gap schizos are gonna be even worse then the cme.

[Anonymous No.57266684]

>>57266656
lol Saylor moggs sall of these alone yet I made 200k today shorting his stock. Sorry this whole ETF thing was so price in.

[Anonymous No.57266688]

>>57266656
Why isn’t FBTC available?

[Anonymous No.57266698]

>>57266656
>Buys today (Day one) on their ETF where around 11 billion.
>Stop trying to scare people.
That was incorrect. As of close of day Blackrock sold 23 Billion. They will have to buy this week.

[Anonymous No.57266702]

>>57266688
checked and just posted it here
>>57266698

[Anonymous No.57266709]

The fact that Coinbase are the custodian for the Bitcoin ETF, ETH started going up after ETF approval, and people here haven't realized that Base chain coins (AVI, Mochi) are super cheap now is crazy to me

[Anonymous No.57266712]

Just so everyone knows.. If you look at ARKB and multiply it by 10, that's the real bitcoin price.

[Anonymous No.57266720]

>>57266712
that's the proof?

[Anonymous No.57266721]

>>57266712
https://finance.yahoo.com/quote/ARKB?p=ARKB&.tsrc=fin-srch

[Anonymous No.57266726]

>>57266720
Proof of what ?

[Anonymous No.57266736]

>>57266698
Why did the price not x2?
How are they going to scam people out of enough bitcoin for this when the supply left is low after an extensive bear market?

[Anonymous No.57266746]

>>57266720
https://finance.yahoo.com/quote/ARKB?p=ARKB&.tsrc=fin-srch
ArkB price = 47.15
https://www.coingecko.com/en/coins/bitcoin
BTC price - 46,146.63


This shows the exact coloration between ARKB and BTC price. ARKB x 1000

This will be important in the following weeks/months

[Anonymous No.57266748]

What if we all Gamma squeeze it, won’t they have to buy lots and pump our bags?

[Anonymous No.57266758]

>>57266681
We WILL see $3500.

[Anonymous No.57266766]

>>57266736
>Why did the price not x2?
I'll say this again for the third time for the slow people..

THEY (The ETFS) have 2 days to settle.
That means that they do not have to buy the BTC for 2 days....

That's AFTER they use up their current holdings. 28 Billion for Blackrock and any OTC they can get off of Coinbase which is 60 Billion, both as of this morning before the ETFs launched.


The same exact thing happened with the Gold ETF. I was flat for 2 weeks and then all the held back Gold was bought up and they had to goto market to buy it. The ETF took off like a rocket and has never retraced.

[Anonymous No.57266770]

>>57266736
>How are they going to scam people out of enough bitcoin for this when the supply left is low after an extensive bear market?
Same as any commodity. the price raises until they find a seller at that price. Supply and Demand.

[Anonymous No.57266787]

>>57266766
Thanks.
What happens if the real paid price of bitcoin is higher than at the time people bought the ETF?
Will the ETF lose its peg to bitcoin?

Where did Coinbase get this 60 billion? from miners?

[Anonymous No.57266796]

>>57266787
Then the ETFS NAV goes down and it's a great time to buy.

>Will the ETF lose its peg to bitcoin?
No but the NAV will change

>Where did Coinbase get this 60 billion? from miners?
Hoarding BTC since 2012.

[Anonymous No.57266830]

>>57266766
So all the gold bug conspiracy theories are just malding they didn't get in at the price discovery stage

[Anonymous No.57266835]

>>57266796
What effect makes a lower NAV make an ETF a good buy?

What does Coinbase get out of selling their bitcoin before the bull run if they bag held for a decade?
Wouldn't that go against their previous behavior?
I could see some form of liquidity providing with swaps but if they bought for so long then it means they believe it will go higher.

Feels like some banker accounting trick creating paper btcs with double accounting.

[Anonymous No.57266842]

>>57266830
Yeap... Wish I had that Etf Chart for the Gold etf..so you can see how it didn't move for weeks and people couldn't understand why it didn't go up. Then the reserves got bought out and it sky rocketed and all those nah sayers were left on the side lines.

[Anonymous No.57266860]

>>57266835
Also curious, are they contractually required to cough it up?

[Anonymous No.57266861]

>>57266835
It means the price of the underlying assets is more than the price of the ETF.

>What does Coinbase get out of selling their bitcoin before the bull run if they bag held for a decade? Wouldn't that go against their previous behavior.?

They are custodians for Bitcoin ETFS now which did 2x the volume of QQQ on day one.. They will make mad money on fees forever and ever.

>I could see some form of liquidity providing with swaps but if they bought for so long then it means they believe it will go higher.
No they needed it for liquidity. Volume todays on the ETFs was right around 46 billion dollars.
Coinbase is the wallet for 8 out of the 11 ETFs

[Anonymous No.57266867]

>>57266835
>Feels like some banker accounting trick creating paper btcs with double accounting.
It's not. You can track it yourself. Remember the Blockchain is public and auditable 24/7/365

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

[Anonymous No.57266883]

>>57265622
This is why the SEC wanted to kill binance but cheng fucked them good by killing ftx and now they have no choice but to go into crypto.

[Anonymous No.57266954]

>>57266867
Won't this 2 day settlement make trading a lot more complicated now?
Can the Binance BTC chart still be used for trading or do we have to look at all the ETFs now?
Where is the real volume and power of decision?

[Anonymous No.57266967]

>>57265303
Where did Coinbase get so much BTC?

[Anonymous No.57267121]

>>57266883
fucking nasty, binance is based. Visa and mastercard have pulled out of binance because crypto is a threat to them

[Anonymous No.57267142]

>>57266967
I heard they have something like $300B of it

[Anonymous No.57267166]

>>57265668
I have no idea to be honest I just know they have a special low fee deal for the ETF guys, but a small % of billions of extra dollars is still nice

[Anonymous No.57267198]

>>57266340
holy shit... britbongs will never recover from this