The most important thing with the #Bitcoin ETFs that most people seem to miss is the rate of accumulation.
The last few $MSTR mega-stacks (over 10k BTC) were 14.6k and 16.1k BTC.
IBIT’s average ...
Big difference is that MSTR is a single entity while the money flowing into the ETFs comes from many people/institutions. So Blackrock, Fidelity, etc don’t actually own all that BTC themselves.
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