Goal Bitcoin ETF sees over $6M in inflows in previous week

by Jeremy

Definition

The variety of bitcoin flowing from/to the Goal Bitcoin ETF.

Fast Take

  • Over 300 BTC have been added to the ETF for over three months, equating to over $6M.
  • Again in June 2022, through the Luna collapse, over 24,000 BTC have been liquidated from the ETF holdings.
  • This drop noticed the ETF holdings drop from 48,000 BTC to 24,000 BTC.
  • Since June, uncertainty has solely escalated, which incorporates the FTX collapse and the continued points with DCG, which has seen institutional urge for food muted.
  • Nevertheless, the worth of Bitcoin has retraced your complete FTX collapse value dip, and the DCG/Genesis narrative is slowly ending. This has seen a slight urge for food for ETF inflows.
Purpose Bitcoin ETF Flows: (Source: Glassnode)
Goal Bitcoin ETF Flows: (Supply: Glassnode)
Purpose Bitcoin ETF Holdings: (Source: Glassnode)
Goal Bitcoin ETF Holdings: (Supply: Glassnode)

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