The ETFs are not stopping

resiliencia in #leofinance • 10 days ago

Hello!

What are the ETFs doing in this Christmas period? Are they buying or selling Bitcoin? They are on holidays?
Well, let's take a look at the data from heyapollo, my favorite Bitcoin ETF tracker website.
Ups! the website is not updated with last weeks data, so I've had to check this website to see the current flows: https://farside.co.uk/btc/

Take a look at this chart:

They are selling!

Bad news, the last 4 days we've seen outflows from the ETFs. This could be the reason we have not gone over the $100,000 mark again. But, don't worry. It's normal that we see some outflows before the year ends. People are selling some of their positions to finish the tax year. Depending on the performance of their portfolios some people need to sell the positions to avoid overpaying in taxes.

I assume almost all the activity is just for this reason. The good news are that in 5 days we'll be in 2025 and a whole new year is upon us with lot of potential!

Donald Trump will take office and he has on his team a lot of pro crypto regulators that will help build a good framework that will encourage crptocurrency business to keep pushing forward. This could very easily translate into a catalyst for the new expansion period, specially if we get the Bitcoin strategic reserve in Q1.

Exciting times ahead!

Posted Using InLeo Alpha

#bbh #cent #pimp #neoxian #archon #alive #ctp #pob

10 days ago in #leofinance by resiliencia

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ecoinstats 9 days ago

We are bullish well into 2025! But investors must always "take profits", maybe some even hope to buy on a dip to 85.

!pimp

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2 votes

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resiliencia 9 days ago

They are taking profits. Good for them!
2025 will shine brighter than 2024!

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6 votes

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professor.idk 9 days ago

Absolutely right, 2025 will bring many of things which we didn't get yet. Very soon crypto will be used for each and everything.

Wish best of luck to crypto luck 😉

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karinxxl 10 days ago

Ahhh that is a good on to realize. I had assumed without checking that retail was buying these days since the ETFs are closed on holidays as well as in office hours.

Okay okay....curious to see what will happen over the upcoming months with all of these changes (also china making their crypto regulations more favourable)

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1 vote

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seha76 10 days ago

I think the tax-related BTC sell-off is a natural occurrence and does not indicate a long-term trend. I personally remain bullish for 2025, with potential pro-crypto regulation and other strategic moves that could drive growth as you mentioned.

Stay patient and stay strategic as the year ahead is full of opportunities!

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1 vote

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professor.idk 10 days ago

ETF made an amazing impact on the price of BTC as it goes up from 60k to 100k in few days 😀

These are sellings in red, right?

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1 vote

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antisocialist 9 days ago

source

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kwick 9 days ago

You have shared interesting statistics about Bitcoin ETF and I have also read some posts on social Media talking about it. There is outflow on Bitcoin ETF but it's not a matter of concern, and good apparently because more people coming to ETF is good for the Bitcoin ecosystem and it will increase the demand for btc. Ether etf is volume is not as high as bitcoin but expected that this will also grow in 2025. What are your thoughts?

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olhon 8 days ago

It's understandable that end-of-year outflows can cause some fluctuations, but it's great to hear that there's optimism for the new year! The potential for pro-crypto regulations and the Bitcoin strategic reserve sounds promising. Exciting times indeed! Looking forward to seeing how things unfold in 2025.

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