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NateGeraci
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Possible to be
bitcoin
bull, but bitcoin treasury company bear?
#BTC
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Over a half bil into spot btc ETFs… 12 straight days of inflows. Nearly $4bil new $$$. Category now approaching *$50bil* inflows since Jan 2024 launch. Absolutely ridiculous.
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Last 48hrs… -Republican senators propose full legal framework for crypto -Fed Chair Powell says crypto industry maturing -Fannie & Freddie to count crypto as asset for mortgages -Cboe files for Canary PENGU ETF -Invesco files for spot sol ETF Hope you’re paying attention.
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Investment platform Republic attempting to launch digital tokens offering exposure to Space X… Several regulatory hurdles to clear, but platforms like this are clearly trying to push the envelope on tokenization. via @cdriebusch
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iShares Bitcoin ETF putting together another impressive streak… Now 11 straight days of inflows. $3bil new $$$. That’s *$3bil* over past 11 trading days. A machine.
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Over 400,000 bitcoin purchased by governments, companies, & ETFs so far this year... About 2% of total btc supply. Nice breakdown of who’s buying here. Look at Strategy & IBIT. via @dcanellis
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