That was...unexpected. One off? Who's buying into a fund with 1,5% fees
I don't trust all these twitter stats. There is a huge difference between them and
https://platform.arkhamintelligence.com/explorer/entity/grayscale where every transaction can be seen. According to it, yesterday was again negative with 1900
BTC outflows and 0 inflows. The day before that 1000
BTC inflows and 4200
BTC outflows. I don't know where this huge difference is coming from, but it is a fact. Even if we don't count the non labeled addresses, the outflows are still much bigger than all twitter accounts report.
Haven't used that site so can't comment where the difference is coming from, but that info lines up with
https://farside.co.uk/?p=997 and typically with bloomberg data (although i haven't seen bloomberg data for friday yet). On top of that
https://etfs.grayscale.com/gbtc is currently showing "As of 05/03/2024 Total Bitcoin in Trust 291,238.7864" i believe the stats are before the market opened on that day, that is they had 291,238.7864BTC at closing on Thursday the 2nd. So if everything is correct GBTC should have about
BTC1k inflow on Friday or
BTC292k+ in trust at opening on Monday, that should be reflected in their stats once they update it on Monday.
