{"id":283596,"date":"2021-06-25T11:32:57","date_gmt":"2021-06-25T08:32:57","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/worlds-first-bitcoin-etf-adds-3m-per-day-throughout-btc-price-dip\/"},"modified":"2021-06-25T11:32:57","modified_gmt":"2021-06-25T08:32:57","slug":"worlds-first-bitcoin-etf-adds-3m-per-day-throughout-btc-price-dip","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/worlds-first-bitcoin-etf-adds-3m-per-day-throughout-btc-price-dip\/","title":{"rendered":"# World&#8217;s first Bitcoin ETF adds $3M per day throughout BTC price dip"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ac15de984e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ac15de984e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/worlds-first-bitcoin-etf-adds-3m-per-day-throughout-btc-price-dip\/#Purpose_ETF_crosses_20000_BTC\" >Purpose ETF crosses 20,000 BTC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/worlds-first-bitcoin-etf-adds-3m-per-day-throughout-btc-price-dip\/#Worries_over_potential_upcoming_sell_wave\" >Worries over potential upcoming sell wave<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># World&#8217;s first Bitcoin ETF adds $3M per day throughout BTC price dip <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The world\u2019s first regulated Bitcoin (BTC) exchange-traded fund (ETF) actually benefited from the recent price dip, data shows.<\/p>\n<p>As on-chain analytics service <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/glassnode\/status\/1408092558304088065\/\">Glassnode<\/a> noted on June 24, the Purpose Bitcoin ETF continued to add to its assets under management throughout the second half of May.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Purpose_ETF_crosses_20000_BTC\"><\/span>Purpose ETF crosses 20,000 BTC<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In an unusual success story from the past few weeks, Canada\u2019s Purpose did not see a significant reduction in holdings or demand after BTC\/USD hit $30,000 and under.<\/p>\n<p>Beginning May 15, an average of 86.15 BTC per day entered the ETF, for a total of 3,446 BTC between then and June 24.<\/p>\n<p>In total, Purpose now holds 21,114 BTC worth around $720 million.<\/p>\n<p>\u201cEver since the May 19th capitulation event, the Purpose Bitcoin Exchange Traded Fund (ETF) just keeps stacking sats,\u201d popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account Dilution-proof <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/dilutionproof\/status\/1408128730124464131\">summarized<\/a> in one of various positive reactions to the data. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/f97b3460-91e9-46a4-9aaa-07cfb709a259.png\"><figcaption style=\"text-align: center;\"><em>Purpose ETF BTC holdings vs. BTC\/USD chart. Source: Glassnode\/ Twitter<\/em><\/figcaption><\/figure>\n<p>Purpose was the first such Bitcoin ETF to get the green light from regulators in February 2021. As Cointelegraph reported, the United States has yet to respond, but should the products likewise get a debut there, the impact could be more significant given the difference in size between the U.S. and Canadian market.<\/p>\n<p>\u201cHow many countries are going to have Bitcoin ETFs trading before the United States?\u201d Jameson Lopp, co-founder and CTO of Casa, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lopp\/status\/1408109695039049729\">quizzed<\/a> this week.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Worries_over_potential_upcoming_sell_wave\"><\/span>Worries over potential upcoming sell wave<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> provides a pleasing counter-narrative to the institutional trials facing Bitcoin post price drop. <\/p>\n<p><strong><em>Related: Is Wall Street becoming less interested in Grayscale\u2019s Bitcoin Trust?<\/em><\/strong><\/p>\n<p>The coming few weeks will see unlocking of BTC stored in the Grayscale Bitcoin Trust ($GBTC), something which is expected to heighten already intense selling pressure.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">one thing we haven&#8217;t discussed yet &#8211; the grayscale <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$GBTC<\/a> unlock schedule is looking really crusty <\/p>\n<p>from mid-april to mid-june, 139,000 bitcoin worth of shares have unlocked. there&#8217;s another 140,000 bitcoin worth of shares that will unlock through the end of july<\/p>\n<p>yeesh <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Ha97Dh494O\">pic.twitter.com\/Ha97Dh494O<\/a><\/p>\n<p>\u2014 Meltem Demir\u25cers (@Melt_Dem) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Melt_Dem\/status\/1407732483400114185?ref_src=twsrc%5Etfw\">June 23, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Whales have also come under the spotlight recently, balanced only by players such as MicroStrategy continuing to add to their BTC positions.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/world-s-first-bitcoin-etf-adds-3m-per-day-throughout-btc-price-dip\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# World&#8217;s first Bitcoin ETF adds $3M per day throughout BTC price dip &#8221; The world\u2019s first regulated Bitcoin (BTC) exchange-traded fund (ETF) actually benefited from the recent price dip, data shows. As on-chain analytics service Glassnode noted on June 24, the Purpose Bitcoin ETF continued to add to its assets under management throughout the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":283597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvNGNmMzNkMmEtYTU3Yi00MTdjLWExY2YtMGU5NThlZWNmY2RlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,75849,73785],"class_list":["post-283596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-etf","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/283596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=283596"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/283596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/283597"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=283596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=283596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=283596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}