Bitcoin ETFs Report, September 2024

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	Forwarded this email? Subscribe here for more Bitcoin Returns and ETF Flows: Correlation and Causation Bitcoin ETFs Report, September 2024 Ecoinometrics Sep 4 ∙ Preview   READ IN APP   Some people thoughts the Bitcoin ETFs would be Bitcoin's saviours ushering a new bull market. Clearly that did not happen.  But that doesn't mean everything about the ETFs is looking bad. Actually so far the data shows a good amount of positive things associated to them. But they are no miracles. So let's look at the data we have so far to understand what's actually going on. 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 24,000 investors here: Upgrade to paid Done? Thanks! That’s great! Now let’s dive in. Bitcoin Returns and ETF Flows: Correlation and Causation The Takeaway Bitcoin ETF flows and monthly returns show a strong positive correlation, with ETFs now holding nearly 5% of total Bitcoin supply. This demonstrates their significant market presence. Despite price volatility, ETF holders have shown resilience, with no major outflows since March. But overall inflow rates have slowed considerably post-launch. The BlackRock Bitcoin ETF (IBIT) stands out as the only fund consistently attracting new inflows, while others have stagnated. This suggests relatively weak overall demand for Bitcoin exposure through ETFs. The ETFs are positively impacting the market, but they haven't yet catalyzed the new bull run some anticipated. The data indicates a measured, rather than explosive, integration of Bitcoin into traditional finance channels. Strong Correlations Between Flows and Returns... 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