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 facilities.
Meaning: With a daily mining of 900 BTC, the demand is currently around 2615 BTC per day, which is almost 3 times the mining.
In simpler terms, funds are "stockpiling" Bitcoin at a rate of 1,700 pills per day, or more than $71 million per day at the current rate. Remember these numbers we need
- By the end of April 2024, the split will take place (halving the production of Bitcoin), and only 450 Bitcoins will be mined per day instead of 900 Bitcoins, and the demand from the Bitcoin ETF will be about 6 times higher than the current demand ... Dreamed!!!!?
There are many things that are difficult to measure, such as the stock of Bitcoin on the platforms, the market outside the platforms, and others
What is currently clear is that we have a real source of stable demand for Bitcoin from a country with the most developed financial instrument markets in the world...