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Now entering the flow state…🌊🌊🌊

🥇Blackrock

IBIT was the only net buyer yesterday, with 293 BTC inflows ($18m). Blackrock also released an education series of four videos about bitcoin.

🦨 Grayscale

GBTC outflows continued as usual, with 2179 BTC ($133m) leaving the Grayscale coffers. That makes total GBTC outflows of 312,106 BTC since launch.

🧮 Total

It was a solid net outflow day yesterday, with 2700 BTC out ($165M). That brings the total held by ETFs down a touch, to 838,746 BTC.

Where The Coins At

⏰ IMF Alarm

The IMF is warning that the US’s massive fiscal deficits mounting debts pose a “significant risk” for the global economy.

IMF chief economist Pierre-Olivier Gourinchas says that the current path is unsustainable: “Something will have to give.”

But is it really that bad? Actually it’s even worse! The US is on track for a $2.2T deficit in 2024, which is 47% more than the Congressional Budget Office forecast one just month ago, and more than their projected deficit for 2031! Alarming indeed.