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About 125,000 BTC have been absorbed by these funds, especially as Grayscale’s Bitcoin Trust (GBTC) has seen substantial outflows—roughly 20% of its holdings (~69,000 BTC) has moved into ETFs in just over a week.
Daily net flows reveal that roughly $16 million have been added to ETFs this week, highlighting a trend of accumulated investor confidence.
The absorption of Grayscale holdings indicates a maturation in the market’s perception of compliant investment vehicles. The analyst highlights that ETF advertising efforts are poised to ramp up, with major platforms like Google starting display ads next week, potentially accelerating flow momentum.