Part 11/13:
Examining the ETF landscape, recent data shows a dramatic recovery from the May 1st sell-off. After a nearly $600 million decline, the market rebounded, with some ETFs buying over 1,000 Bitcoin in a day as prices recovered from lows. Grayscale’s Bitcoin Trust (GBTC), despite losing a significant portion of its holdings—over 330,000 Bitcoin in just 78 days—has continued to operate above critical support levels, indicating resilience and persistent institutional interest.
The recent ETF activity underscores a broader institutional shift. Although ETF outflows initially fueled concern, the subsequent inflows demonstrate market confidence and the reassertion of bullish sentiment. The market's liquidity has improved significantly, with overall Bitcoin holdings in ETFs surpassing 528,000 BTC.