Bitcoin ETFs Report, August 2024

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	Forwarded this email? Subscribe here for more Bitcoin ETFs Flows and Market Corrections Bitcoin ETFs Report, August 2024 Ecoinometrics Aug 7 ∙ Preview   READ IN APP   ETF-like products now hold over 5% of the total Bitcoin supply. Most of these holdings are concentrated in the largest US spot Bitcoin ETFs: IBIT, GBTC, FBTC, ARKB, and BITB. Investors buying Bitcoin through these ETFs have a different profile than the average Bitcoin investor of old. Plus, these ETFs are relatively new and haven't faced major market corrections yet. So, will these investors bail at the first sign of a big drop? Or are they diamond hands? The recent correction we've seen over the last few days gives us a hint at the answer. The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions.  We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things. We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less. Join more than 23,000 investors here: Upgrade to paid Done? Thanks! That’s great! Now let’s dive in. Bitcoin ETFs Flows and Market Corrections The Takeaway Bitcoin's recent 18% drop over 6 days marks one of its worst corrections in a decade. This correction tested the new Bitcoin ETFs for the first time. ETF outflows were noticeable but not alarming. Early data suggests most ETF investors are holding steady despite volatility. Bitcoin ETFs don't seem to be adding significant selling pressure during corrections, but a prolonged downturn would be the real test. A Test by Fire... Unlock this post for free, courtesy of Ecoinometrics. Claim my free post Or upgrade your subscription. Upgrade to paid A subscription gets you: Big picture insights: Understand the market regime and major trends in Bitcoin and macro. Spot opportunities and risks: Identify key investment opportunities and risks in Bitcoin and crypto. Connect macro and crypto: See how macro factors influence Bitcoin and how Bitcoin impacts the crypto market.   Like Comment Restack   © 2024 Ecoinometrics 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe