Bitcoin ETF Inflows Continue | 1000x
Episode publishedPodcast: 1000X1000X
Transcript preview
Preview only
This is now the 4th or 5th time that Bitcoin is having this just like rip roaring rally, and you just can't fucking write it off anymore. It survived low interest rates. It survived the period of apathy. It survived the SEC onslaught. Survived all these things. Like it's just it's becoming obvious to the world. Looking at these ETF flows like how you're literally just hoping they stop in order to if you want to buy a dip.
Okay. Welcome back to the much delayed second, 3rd? 2nd episode of the year of a 1000 I think it's
the second episode. We were supposed to record a record an episode, but then instead, we went out and got drunk.
That's basically We did we did do that, which, by the way, that was a hell of a that was a hell of a night. It's
awesome.
We just rock back whiskeys at Chiltern. Yeah. For I don't know how for I don't know how long. We basically had a pod I wish we could have recorded that podcast. I think you guys would have really appreciated it, but, I don't think it would have gone past our sensors, unfortunately. It was great. Next time next time we're we're both in London, maybe we'll invite a few people out. You know, we'll post a picture. If you can find us, you can you can come hang out with us.
We should start having, like, community 1000x get togethers where we repeat our Mhmm. Unwaveringly bullish thesis. Like, you you didn't miss much. The 1000x podcast that happened at the bar was basically us talking about how we were bullish, which we talk about on Twitter and every podcast.
Because the reality is how could you not be bullish at this moment in time? It's just on right? So so let's let's go through what the let's go through what happened. So post post approval of the ETF. Well, this is something that we've been talking about for a long time is that GBTC held a ton of stale capital, and that there was very likely a lot of directional capital held within that product that was not able to exit for many years. Right? Because you remember from the time, if I'm getting my dates right, February 2021, the discount on the product went negative. So bunch of people just start
I was blown away by the FUD when the ETFs first launched. I mean, I GBTC is not a hard product to understand. It's before it became an ETF, it was a trust that held Bitcoin, and you couldn't redeem the trust and take your Bitcoin out until it eventually one day hopefully became an ETF. When that happened, trust shares or, I guess, subsequently ETF shares were redeemed and Bitcoin was pulled out. So in the day or 3 after the ETF approvals first were sort of processed by the market, everybody looked at those outflows and panicked and looked at the inflows in the other ETFs and panicked. Oh my go
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.