Trust Issues – Take Profits or Not? Thoughts on Bitcoin ETFs and this Bull Run
Hello everyone, First of all: I know we can't see the future, I just want to get your opinion on the ETFs and the current sentiment. The longer this bull run lasts, the more I think about selling at least 50%. In mid 2023 I bought BTC and ETH and it has become quite some money (money I don't need for expenses right now). The information on the ETFs is long priced in – and the ETFs have been showing net outflows for weeks (sauce): [ date – IBIT – FBTC – BITB – ARKB – BTCO – EZBC – BRRR – HODL- BTCW – GBTC – Total ] BlackRock reported 0 inflows for several days and finally an outflow on May 1st. Grayscale had the largest outflows – but the other funds were not able to compensate. In my opinion, the ETF narrative could become a downer. A realistic outcome would be net-zero or at least irrelevant buying pressure. The worst case would be outflows and eventually BlackRock exiting the market and liquidating the ETF – a black swan event that could end this bull run and send us back to known price levels. Let me know what you think. My options:
Have a nice and green saturday, folks! submitted by /u/OderWieOderWatJunge |