Here’s an update that might interest you: In the first two days of trading, total net inflows for all Bitcoin spot ETF products reached a notable $819 million.

Total Inflow: $1.4 Billion

BlackRock’s $IBIT: $497.7 million Fidelity’s $FBTC: $422.3 million Bitwise’s $BITB: $237.9 million Total Outflow: $579 Million (primarily from Grayscale’s $GBTC)

Even considering the outflows from GBTC, we saw a net inflow of about $819 million over two days, equivalent to approximately 46,000 BTC. This demand is about 25.5 times higher than the current daily Bitcoin supply of 900 BTC.

If this pace continues, we might witness a significant supply squeeze in Bitcoin. However, it’s crucial to also monitor potential outflows from the $27 billion worth of Bitcoin still in GBTC.

Stay tuned for more updates!

BitcoinETF #CryptoMarket #InvestmentTrends #BTC 📈💰🔍