What We’re Reading:\u00a0HODL15Capital<\/a><\/em><\/strong><\/p>\n

Follow Nikolaus On X Here<\/a><\/p>\n

For the past few weeks I have been keeping up with HODL15Capital on X, who has done a tremendous job at posting some of the quickest incoming market data regarding the U.S. spot Bitcoin ETFs. Recently, there have been two charts in particular he has posted that have caught my eye.<\/p>\n

Nine months ago, the SEC approved spot Bitcoin ETFs for trading, and since then, the ETFs have seen huge inflows during eight out of those nine months.\u00a0Since their inception, these ETFs have seen inflows<\/a> of 312,488 BTC while miners have only created 169,942 new bitcoin.<\/p>\n

Number of Bitcoin purchased by \ud83c\uddfa\ud83c\uddf8 #Bitcoin<\/a> ETFs each month\ud83d\udc47$IBIT<\/a> $FBTC<\/a> $GBTC<\/a> $ARKB<\/a> $BITB<\/a> $HODL<\/a> $BRRR<\/a> $EZBC<\/a> $BTCW<\/a> pic.twitter.com\/mpeurOCUcR<\/a><\/p>\n

\u2014 HODL15Capital \ud83c\uddfa\ud83c\uddf8 (@HODL15Capital) October 1, 2024<\/a><\/p>\n

These ETFs have been the fastest growing ETFs in history, like BlackRock CEO Larry Fink stated<\/a>, with no real signs of slowing down, especially as we head into a period of time that has been historically bullish for Bitcoin.\u00a0<\/p>\n

These ETFs are gobbling up all the available BTC leaving many thinking: Who could possibly be selling right now?\u00a0And according to HODL15Capital, it appears to be smaller BTC holders, selling directly into the hands of the ETFs and institutions.<\/p>\n

\ud83d\udea8 Small Bitcoin holders continue to sell to ETFs and $MSTR<\/a> \ud83e\udd37\u200d\u2642\ufe0f pic.twitter.com\/hV42fDVlps<\/a><\/p>\n

\u2014 HODL15Capital \ud83c\uddfa\ud83c\uddf8 (@HODL15Capital) September 26, 2024<\/a><\/p>\n

We’re seeing state pension funds, large institutions,\u00a0wealthy investors and other major players\u00a0buy and hold shares of these ETFs. Even ETF issuers like BlackRock are buying shares of its own Bitcoin ETF for their other funds.\u00a0Long story short, I’m seeing smart money\u00a0pouring into this asset class\u00a0and, while that is great for the price of BTC,\u00a0it pains me to watch\u00a0smaller holders sell their bitcoin\u00a0directly to the institutions.<\/p>\n

Holding Bitcoin over the long term has been proven to be one of the best ways to build wealth. This is a real chance for those interested in investing for their future, who may not currently have proper savings, to start building up wealth in a sovereign way by accumulating BTC and holding the keys to their coins. Instead, these coins are being mostly “locked up” in these ETFs, where\u00a0those who buy them can only redeem their shares for US dollars and don’t experience the benefits of the attributes that make bitcoin so unique (e.g, freedom to transact globally without permission from a third party).<\/p>\n

Based on this data, I fear many of these\u00a0smaller bitcoin holders\u00a0are letting a great opportunity to build wealth via holding BTC\u00a0slip through their fingers.\u00a0Also, buy not buying bitcoin directly and holding it in self-custody, as opposed to purchasing shares of the ETFs, investors are missing out on what it truly means to own censorship resistant sovereign money. Such a feeling often has the effect of making investors hold bitcoin for the long-term as opposed selling in the short-term based on fear.<\/p>\n

The smart money knows exactly what opportunity is here, and they don’t care too much about the freedom aspects of Bitcoin. They’re just filling their BTC bags in a vehicle that suits them better.\u00a0<\/p>\n

Cheap BTC does not last forever.\u00a0Major players will continue scooping up huge swaths of shares of the ETFs as we hit\u00a0a new all time highs and beyond. If there’s one thing I leave you with today: Don’t sell your BTC to the corporations, and hold the keys to your coins.<\/p>","protected":false},"excerpt":{"rendered":"

What We’re Reading:\u00a0HODL15Capital Follow Nikolaus On X Here For the past few weeks I have been keeping up with HODL15Capital on X, who has done a tremendous job at posting some of the quickest incoming market data regarding the U.S. spot Bitcoin ETFs. Recently, there have been two charts in particular he has posted that […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28429","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/28429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=28429"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/28429\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=28429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=28429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=28429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}