9Mon·

$BTC (+1.27%)
ETFs already in the top 10 of all ETFs of the last 10 years!

Over 2,000 ETFs have been launched in the last 10 years.

Both the $IBIT from Blackrock and the $FBTC from Fidelity have already made it into the top 10 ETFs of the last 10 years! And this despite the fact that they are only 10 months old...

BTW: How do things actually look with the $ETH (+1.35%) ETFs?

After the launch on July 23 this year, ETF inflows of no less than -572 million $ in the books🤣

https://farside.co.uk/ethereum-etf-flow-all-data/

14 Comments

Pope Donkey XXI@DonkeyInvestor

9Mon

And yet absolutely nothing happens with the course 🤷

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View all 8 further answers

F4llen@F4llenAngel

9Mon

It still blows my mind how people praise BTC ETFs. The whole point of crypto is to be decentralized. I don't see why you would want to pay an extra fee and extra liquidity risks to hold something that was meant to be safe and personal

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Stefan21@stefan_21

9Mon

@F4llenAngel There is a simple answer:
It's the institutions. If you are a company, hedge fund, pension fund, etc. and you want to get Bitcoin exposure, you don't want to worry about custody. Which person(s) should have access to the seed phrase? What if someone runs off with it? You could use concepts like multisig wallets, but that gets too technical for these people.

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F4llen@F4llenAngel

9Mon

@stefan_21 I get that, but lately most inflows are actually from Retail investors. These ETFs seems to be just another way of Blackrock and big investment firm to get extra income

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Kevin@DonRacletto

9Mon

when lambo?

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Stefan21@stefan_21

9Mon

@DonRacletto only when the price moves in line with the ETF inflows🤪 unfortunately there are also enough sellers. Otherwise we would have been over the 100k mark long ago

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