Weekly U.S. Bitcoin ETFs Net Flow Analysis 📊

Despite these positive movements, the overall weekly net flow for U.S. Bitcoin ETFs resulted in a net outflow of -2,175 BTC, equivalent to a value decrease of approximately $131.6 million.

This week's data reflects a complex landscape with divergent investor behavior across different ETFs, highlighting both areas of growth and caution in the market.

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JUST IN: 🏛Morgan Stanley reports owning 5.5 million shares in BlackRock spot #Bitcoin ETF as of June 30 in SEC filing❗️

Morgan Stanley is now a top 5 holder of BlackRock's Bitcoin ETF 👀

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💰 US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon

United States Bitcoin ETFs have added around 37,510 BTC to their holdings each month on average and could soon surpass Satoshi Nakamoto's estimated stash.

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In six months, cryptocurrency hackers stole $1.58 billion worth of cryptocurrency.😮

✔️For the most part, this amount is due to the growth of rates. The number of hacks increased by only 2.76%.

✔️At the same time, crypto criminals are increasingly targeting centralized exchanges with higher potential “income” compared to DeFi platforms.

✔️Ransomware is also called a growing threat. The total amount of ransoms paid this year reached $459.8 million.

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🪙 Ethereum Fees Plummet—Etherscan Adds Decimals to Keep Up With Gas Drop

🆗 Over the past few months, both Bitcoin and Ethereum users have noticed a noticeable drop in transaction fees. Ethereum’s network transfer fees, in particular, have fallen to such low levels that Etherscan, a leading Ethereum block explorer, has recently added decimal points to its gas tracker after fees dipped below 1 qwei.

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🪙 Bitcoin Bulls Charge Toward $62K as Fed’s Minutes Triggers Market Frenzy

🙂 Bitcoin’s price hit $61,838 per coin by 3:45 p.m. EDT on Wednesday, after spending much of the day lingering below the $60,000 mark. The crypto market mirrored the upward movement seen in the S&P 500 and Nasdaq, which both rallied just before the closing bell. This newfound optimism is largely being credited to the Federal Reserve’s minutes report, hinting at a likely rate cut next month.

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NEW: 🇭🇰 Hong Kong ETF issuers are calling on South Korea to approve #Bitcoin ETFs 🇰🇷

When, not if.

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🪙 Centralized Exchanges See $26B in Bitcoin and Ethereum Outflows Since January

💥 Over the past seven months, data from cryptoquant reveals a staggering $26 billion worth of bitcoin and ethereum has been pulled from centralized crypto exchanges. During the same period, trading platforms have seen an influx of $9.1 billion ERC20-based tethers since Jan 1.

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JUST IN: 🇺🇸 Wells Fargo will begin pitching #Bitcoin ETFs to clients in September.

They manage $1.7T in assets 👀

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🇺🇸 Bitcoin usually pumps after US presidential elections 👀

Are you ready for it anon?

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🧐US BTC ETF funds own 84% of Satoshi Nakamoto's BTC

According to Bloomberg analyst Eric Balchunas, funds could become the largest BTC owners by Halloween

As of August 28- US ETF BTC = 921,540 BTC

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🟠 $5.5 TRILLION Fidelity says that Bitcoin could go as high as $1 BILLION by 2038 🚀

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NEW: 🟠 $6B in shorts will be liquidated when #Bitcoin hits $65K 👀

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JUST IN: 🇺🇸 FBI warns that North Korean hackers are attempting to steal #Bitcoin and crypto funds from the ETFs 👀

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JUST IN: 🇺🇸 US Senator Cynthia Lummis says her #Bitcoin Strategic Reserve bill is the "only viable solution that positions us to cut our national debt in half by 2045." 👀

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🇩🇪 German parliament member Joana Cotar said "it is very important" that more german parliament members understand #Bitcoin.

Germany selling 50k #BTC "was something very, very upsetting." 👀

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“THIS IS THE WORST #BITCOIN CYCLE EVER!” 😭

NOPE!

• In 2016, 20,200 ₿itcoin ₿locks after the halving, ₿itcoin was struggling near the red-line floor/support. This was a worse scenario.

• In 2020, 20,200 ₿itcoin ₿locks after the halving, ₿itcoin was between green-line linear-regression and red-line floor/support. Same as today.

• Today, in 2024, 20,200 ₿itcoin ₿locks after the halving, just like in 2020, ₿itcoin is between green-line linear-regression and red-line floor/support.

By John Osterman

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HISTORY: 🟠 In 2009 Hal Finney predicted $10M per #Bitcoin 🔥

He divided the world's wealth by 20 million (assuming satoshi's coins would never move).

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NEW: 🇺🇸 MARA acquires more Bitcoin, now owns over 26,200 $BTC worth $1.5 BILLION 💥

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ICYMI: 🟠 CleanSpark will acquire 7 additional #Bitcoin mining facilities in Tennessee for $27.5 million expecting to achieve 37 EH/s by EOY 🔥

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🪙 Deutsche Digital Assets new macro #Bitcoin ETP starts trading today.

Bullish 💥

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