It seems that the GBTC holdings are not decreasing anymore ☺️ iBIT(iShare Bitcoin Trust) by BlackRock, FBTC(Fidelity Wise Origin Bitcoin Fund) and ARKB(Ark 21shares Bitcoin ETF) now hold more than 200k BTC. Since spot BTC ETFs were approved, it's an amazing outcome.
Take a look at this chart. The net inflows for spot BTC ETFs are +$2b in the recent. Amazing! Nevertheless, some traders neglect this data, and said that it's a bubble. Ridiculous.. As I previously said, the BTC price has had the enough price correction and long term consolidation. That's why I have a positive view of the BTC price for the next 1~1.5 years.
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Perfect👏
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