🌊 Saturday Bitcoin Flows

Your Daily Bitcoin Flows update, from Apollo

Julian Fahrer
April 20, 2024 • Estimated Reading Time: 3 minutes

Welcome back to your daily update on institutional Bitcoin flows.

If this is your first time, you can subscribe here.

Now entering the flow state…🌊🌊🌊

Fidelity held on to the top spot on Halving Day for the second day in a row, with inflows of 864 BTC ($55m).

GBTC sellers seem to have taken a break on Friday for the halving. Outflows of only 714 BTC ($46m). One of their smallest outflows to date.

After five days of net outflows, we broke the streak yesterday and saw 941 BTC come back in ($60m).

Some more firms with hefty bags filed their 13F reports with the SEC on Friday.

United Capital Management, based on Kansas, declared a stake in FBTC worth more than $21m. Meanwhile Sloy Dahl & Holst, a boutique investment firm in Portland Oregon, have more than half a million shares of GBTC, worth approx. $33m.

The deadline for these is 15 May, so expecting a flood of filings to come in over the next few weeks.

Welcome to Bitcoin’s fifth Epoch! Block 840,000 occurred last night at around 6pm PT. The block reward for miners is now 3.15 BTC.

The reward for the first block of bitcoin’s sixth epoch was an absurd 40.7 BTC! ($2.6m)

What does a post-halving look like for bitcoin? Nobody knows for sure, but we can look to the past … 👇️