Floo ♛ retweeted
Bitcoin ETFs ow over a $1b in YTD flows (having dug out of the outflow hole and then some). Next thing to watch is the cumulative lifetime net flows (MOST IMP and HARDEST NUMBER). This number peaked at $62.8b, curr $58b so about $5b away from hitting new highs there (again, half the battle with building a big boy category is to not lose too much in bad times so less hole to dig out of, and I can tell you right now, no type of hot sauce has ever held up as well as spot btc ETFs in that regard)
US Spot BTC ETFs had an enormous end to a huge inflow week. They purchased 8,572 BTC on Friday alone and the 10 business rate now stands at +24,197 BTC. Their holdings are now only 3.71% off their maximum holdings on 10th Oct 25 despite the (approx) 50% dip in price.
@EricBalchunas
@JSeyff
@HODL15Capital
@seth_fin
@NeilJacobs
@AdamBLiv
@jameslavish
@NateGeraci
Floo ♛ retweeted
HUGE: 5 countries have reach out since I offered to help 15 hours ago.
Now the success we have had passing legislation in the US can be exported across the world.
Bullish.
Floo ♛ retweeted
Q: what % of the bitcoin out there is actually available to be traded a la the 'float' of a stock? Was discussing this today with some people at the WETF event. Curious what ppl think. Here's look at holders:
Floo ♛ retweeted
MicroStrategy Completes $800 Million Offering of Convertible Notes at 0.625% Coupon and 42.5% Conversion Premium $MSTR microstrategy.com/press/micr…
Floo ♛ retweeted
BlackRock has filed with the SEC that it will buy #Bitcoin ETFs for their own funds.
They have $10 Trillion in assets under management.
Another $20 Trillion of funds use their Aladdin platform to make portfolio allocations.
BlackRock has stated that the optimal Bitcoin allocation is 84.9% of a portfolio.
Of course, few will do this, but we now have the world's biggest fund manager telling investors to get off zero.
Ernst & Young estimates $200 Trillion of Institutional assets could not touch Bitcoin until an ETF was approved.
Well, now they can!
So what happens if they get off zero?
0.5% allocation from a pool of $200T is an enormous $1 Trillion.
The Bitcoin total market cap is $1.32 Trillion as I type this.
A multiplier of 5-10 could push the Bitcoin price to $600K-$1.2m.
It may take many years for that allocation to work its way into Bitcoin, but the potential is there for a significant re-rating.
Still early! 🤑
The $15 trillion in assets that BlackRock Global Allocation Fund manages should increase with the inclusion of #Bitcoin. Bitcoin adoption is growing non-stop.
tekedia.com/blackrock-adds-b…
IT‘S HAPPENING! 😨
xitter.cf/bitcoinmagazine/status…
JUST IN: 🇺🇸 BlackRock filed with the SEC to purchase spot #Bitcoin ETFs for its Global Allocation Fund.
Floo ♛ retweeted
Record flow day despite $216m out of $GBTC. Impressive. Only one or two other ETFs on the planet are taking in cash as fast as $IBIT right now. Gonna hit $10b tmrw prob. Easily fastest ever at 7 weeks. For context it took $GLD over two years to hit 10b, VOO over 3 years. 🔥
Floo ♛ retweeted
#Bitcoin has already reached all-time-high prices in 3 of the top 20 global currencies.
The rest will follow as governments continue to print money to cover for their deficit spending.
People are opting out of this madness around the world, and we get called crazy for it 🙋♂️
