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Bitcoin's Biggest ETF Just Took In $665 MILLION. So Who's Still Selling? | Alex Thorn
Galaxy Head of Firmwide Research Alex Thorn and Arch Public's Andrew Parish join Scott Melker to unpack BlackRock's $665 million IBIT inflow, who is still selling Bitcoin, and what ETF flows really tell you.
They explain how creations and in-kind conversions drive ETF flows, BlackRock's new Bitcoin ETF filing, JPMorgan's 10% Bitcoin return forecast and Morgan Stanley's push into the space. Alex shares his data on Bitcoin's shallow drawdown, who has been buying, the self-custody crisis after the Ledger supply-chain scare, companies opting out of tokenized stock and old-coin distribution. The…
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