Sign of the times — Discover Financial out Coinbase in | HHorsley on Binance Square

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Sign of the times —
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The Bitwise Bitcoin ETF took in ~$83,000,000 last week. The 2nd most inflows of any BTC ETF globally. Bitwise Ethereum ETPs in US + Europe took in a combined ~$28,000,000 last week. Investors seem to be taking another look at Ethereum. ~~ BITB Disclosures & Prospectus: https://t.co/kjsBn1qvI6. BITB is not an investment company registered under the Investment Company Act of 1940 and is not afforded its protections. BITB is not suitable for all investors. BITB is subject to significant risk and heightened volatility.

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There's a lot of Bitcoin Treasury Companies that have announced— but haven't yet closed, and thus bought the bitcoin. There's a lot of demand coming in Q3.

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Millions of inflows into Bitwise Ethereum ETPs in both the US and Europe today.

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I think once Bitcoin breaks through eg $130-150k, no one is going to sell their Bitcoin. Right now at $100k, it seems individuals who hold a lot of Bitcoin that was bought a long time ago at very low prices, are selling some. That said, once Bitcoin breaks new levels, this will peter off. And from there on, when people need liquidity, they are going to borrow from an ever growing set of lenders. All of which will further propel price. There's simply not going to be enough Bitcoin.

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A $12B AUM RIA approved access to three Bitwise ETPs today for clients — The drumbeat of progress continues.

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