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Bitcoin Insights

@btcinsights_io

Signal Amidst the Noise 👉 research.bitcoininsights.io

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calendar_today07-12-2023 07:29:23

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Bitcoin ETFs experienced a net outflow of $72M on August 29th. Blackrock's $IBIT reported outflows for the first time in four months and second time ever. Fidelity, Grayscale, and Bitwise also recorded outflows. Ark Invest's $ARKB was the lone ETF with inflows.

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"Is the Bitcoin Power Law a Failed and Useless Model?" Bitcoin Insights analyst Dan Hillery reviews common objections to and misconceptions about the Power Law, explaining why it can be valuable for those hodling Bitcoin.

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#Bitcoin dominance reaches a 3.5-year high of 54%. Altcoin season, typically triggered by Bitcoin bull runs, doesn’t seem to be anywhere near. Could this time be different?

#Bitcoin dominance reaches a 3.5-year high of 54%.

Altcoin season, typically triggered by Bitcoin bull runs, doesn’t seem to be anywhere near.

Could this time be different?
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#Bitcoin ETFs had their worst day since May 1, and their third-worst on record, with outflows of $287M on September 3. Fidelity's $FBTC experienced the largest outflows at -$162M, followed by Grayscale's $GBTC at -$50M, Ark's $ARKB at -$33M, and Bitwise's $BITB at -$25M.

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#Bitcoin ETFs recorded net outflows of $36M on September 4th. Grayscale's $GBTC experienced the largest outflow at $34M, while Bitwise's $BITB remained the sole ETF registering inflows at $9M.

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Public companies #Bitcoin holdings reaches 683,000 BTC, a 587% increase since 2020, according to a report by River. The top 5 holders (MicroStrategy, Block.One, Tether, BitMEX, Xapo) account for a whopping 82% (559,000 BTC) of this total.

Public companies #Bitcoin holdings reaches 683,000 BTC, a 587% increase since 2020, according to a report by River.

The top 5 holders (MicroStrategy, Block.One, Tether, BitMEX, Xapo) account for a whopping 82% (559,000 BTC) of this total.
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#Bitcoin ETFs saw a total outflow of $211M on September 5th. Fidelity's $FBTC recorded the largest outflow at -$149M, followed by Bitwise's $BITB at -$30M. Grayscale's $GBTC and its mini version BTC saw outflows of -$23M and -$8M, respectively.

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#Bitcoin ETFs saw $26M inflows on September 9th, with Fidelity's $FBTC leading at $28M. Grayscale's $GBTC and Blackrock's $IBIT experienced outflows of $22M and $8M, while Bitwise's $BITB and Ark's $ARKB saw inflows of $22M and $6M.