U.Right this moment – Michael Saylor, who based MicroStrategy and first spearheaded it as CEO and now takes the helm as government chairman, has printed an vital X submit about spot ETFs.

Saylor feedback on every day Bitcoin ETF inflows as “in all probability nothing”

Saylor drew the eye of the crypto neighborhood to current every day inflows into Bitcoin exchange-traded funds (ETFs). To perform that, MicroStrategy's head reposted one other X person's tweet that includes “15 consecutive days of inflows into US Bitcoin ETFs.”

These inflows quantity to tons of of tens of millions of US {dollars}. The smallest was $103 million on November twenty seventh. The most important was $766.66 million on December fifth. The newest influx within the desk within the screenshot was registered on November 18th and was $275.39 million.

Michael Saylor tweeted: “Most likely nothing.” The Bitcoin ETF was permitted for buying and selling in January of this 12 months. Since then, greater than a dozen Bitcoin funds have entered the market and began accumulating BTC every day.

Saylor highlights Hut8's giant Bitcoin buy

In one other X submit printed as we speak, the top of MicroStrategy shared the information that crypto mining firm Hut8 has bought a large chunk of crypto (990 Bitcoins).

Miners acquired this batch of BTC for round $100 million, paying a mean of round $101,710 per coin. Like Saylor's firm, Hut8 has been build up its personal strategic Bitcoin reserves, and this new acquisition brings it to over 10,000 BTC price roughly $1 billion as of December 18th.

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