Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 421.

LFC_Bitcoin

legendary

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Observing $66,319 and life is good. It seems we are now trading at the top of this range that we seem to have been in for a long time.

Every day now on X I’m seeing more and more institutions declaring investments in Spot Bitcoin ETFs via submitted 13F forms. Feels like we are very close to something really special happening.

@zerohedge
Hedge funds now piling into IBIT. Then come the mutual funds, then the sovereign wealth and pension funds.

https://x.com/zerohedge/status/1790853288079786280

I don’t want to be a bulltard, I was initially thinking this cycle would top out at $180,000 to $250,000 but I am starting to think we will go even higher. These institutional firms are not buying 0.5BTC. Serious money is and will increasingly flow into Bitcoin.

13F forms are filed & submitted quarterly. We are going to see a flurry of them this year. Nobody wants to be the company that got left behind. The supply shock initiated by the halving isn’t even affecting the price yet. The rocket is getting launched soon. Within 18 months we are going to witness a true, sustained parabolic pump that is going to change lives.

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criptoevangelista

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In ₿ we trust

weekly closing above 70k? Would it be too much to ask of the gods of liquidity?

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Bulltard

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Quote from: Hhampuz on May 15, 2024, 05:33:44 PM

Quote from: ivomm on May 15, 2024, 05:22:26 PM

JUST IN: 🇺🇸Millennium Management discloses it holds $2 billion in spot #Bitcoin ETFs in new SEC filing 👀

https://twitter.com/BitcoinMagazine/status/1790845411604713505

Damn, so a bunch of these filings going public today is the reason for pamp? Cool

$303m of inflows yesterday. Wink

https://sosovalue.xyz/assets/etf/us-btc-spot

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Leahized

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Quote from: Bulltard on May 16, 2024, 03:50:35 AM

so the tl;dr is:

-Takeaway 1: Lots of Professional Firms Own Bitcoin ETFs

563 professional investment firms reported owning $3.5 billion worth of bitcoin ETFs as of last Thursday. By the May 15 filing deadline, we could see 700+ firms and total AUM nearing $5 billion.

(the tweet lists some of those firms and how much they own in BTC)

Quote

-Takeaway 2: A Historic Scale of Professional Investor Ownership

This scale of ownership is off the charts for a new ETF. Most ETFs attract very few 13F filers in their first few months on the market.

(the tweet says that success is comparable to the launch of the gold's etf)

Quote

-Takeaway 3: Retail Owns Most of the Float in Bitcoin ETFs (for Now)

As a percentage of total investment, professional investors own just 7-10% of all assets, but these allocations could just be a down payment.

(good, thanks for being our exit liquidity guys)

https://experts.bitwiseinvestments.com/cio-memos/whos-buying-bitcoin-etfs-according-to-13f-filings

Spot bitcoin ETFs have been an overwhelming success. Since launching January 11, they’ve attracted $11.7 billion in assets, becoming collectively the most popular ETF launch of all time.

It’s an important question. The great promise of bitcoin ETFs is that they can open the door for professional investors to buy bitcoin en masse, dramatically increasing the pool of capital investing in the asset.

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Bulltard

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kind of a long tweet:
https://twitter.com/BitwiseInvest/status/1790830802911048112

so the tl;dr is:

-Takeaway 1: Lots of Professional Firms Own Bitcoin ETFs

563 professional investment firms reported owning $3.5 billion worth of bitcoin ETFs as of last Thursday. By the May 15 filing deadline, we could see 700+ firms and total AUM nearing $5 billion.

(the tweet lists some of those firms and how much they own in BTC)

-Takeaway 2: A Historic Scale of Professional Investor Ownership

This scale of ownership is off the charts for a new ETF. Most ETFs attract very few 13F filers in their first few months on the market.

(the tweet says that success is comparable to the launch of the gold's etf)

-Takeaway 3: Retail Owns Most of the Float in Bitcoin ETFs (for Now)

As a percentage of total investment, professional investors own just 7-10% of all assets, but these allocations could just be a down payment.

(good, thanks for being our exit liquidity guys)

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Marvelockg

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Quote from: philipma1957 on May 15, 2024, 07:09:10 PM

Quote from: Richy_T on May 15, 2024, 07:06:09 PM

It's going to be Ramen au gratin tonight, boys!

drumsticks 🍗 and riced cauliflower with fresh apples 🍎 for desert.

hold up 😧
it's getting to the moon 🌝

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smartcomet

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https://twitter.com/EricBalchunas/status/1790885903084216627

Quote

Impressive just how many dif institution types represented in first 13Fs. Here's $IBIT breakdown by type. Only inst type missing is Endowment I think. Normally you don't see this long a list of holder types till years after launch and mega liquidity (which IBIT already has)