Odaily星球日报讯 灰度官方数据显示，截至 7 月 16 日，灰度 GBTC 持有 273,016.1343 枚 BTC，较前一交易日减少约 11 枚。 此外，GBTC 的资产管理规模（非公认会计原则）为 17,799,652,714.67 美元，流通份额为 307,650,100 份。

Odaily星球日报讯 灰度官方数据显示，截至 7 月 16 日，灰度 GBTC 持有 273,016.1343 枚 BTC，较前一交易日减少约 11 枚。此外，GBTC 的资产管理规模（非公认会计原则）为 17,799,652,714.67 美元，流通份额为 307,650,100 份。

灰度GBTC资管规模回升接近178亿美元

Odaily Odaily News Grayscale official data shows that as of July 16, Grayscale GBTC held 273,016.1343 BTC, a decrease of about 11 from the previous trading day. In addition, GBTC's asset management scale (non-GAAP) is US$17,799,652,714.67, and the circulating shares are 307,650,100.

Odaily Odaily News Grayscale official data shows that as of July 16, Grayscale GBTC held 273,016.1343 BTC, a decrease of about 11 from the previous trading day. In addition, GBTC&#39;s asset management scale (non-GAAP) is US$17,799,652,714.67, and the circulating shares are 307,650,100.

Grayscale GBTC asset management scale rebounded to nearly US$17.8 billion

According to SoSoValue Odaily, yesterday (July 16, Eastern Time), the total net inflow of Bitcoin spot ETFs was $423 million. Yesterday, Grayscale ETF GBTC had a net outflow of $0.00 per day, and the current historical net outflow of GBTC is $18.638 billion. The Bitcoin spot ETF with the largest net inflow in a single day yesterday was BlackRock ETF IBIT, with a net inflow of $260 million per day, and the current total net inflow of IBIT is $18.639 billion. The second is Fidelity ETF FBTC, with a net inflow of $61.053 million per day, and the current total net inflow of FBTC is $9.816 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $58.462 billion, and the ETF net asset ratio (market value to the total market value of Bitcoin) is 4.58%, and the historical cumulative net inflow has reached $16.535 billion.

Bitcoin spot ETFs had a total net inflow of $423 million yesterday, continuing a net inflow for 8 consecutive days

Odaily Odaily News Lookonchain monitored the US spot Bitcoin ETF data on July 16, showing: 1. BlackRock increased its holdings by 1,844 bitcoins, worth approximately US$117.3 million, and currently holds 318,120 bitcoins, worth approximately US$20.24 billion; 2. Grayscale increased its holdings by 366 bitcoins, worth approximately US$23.3 million, and currently holds 273,027 bitcoins, worth approximately US$17.37 billion; 3. The 9 Bitcoin ETFs increased their holdings by a total of 5,383 bitcoins, worth approximately US$342.5 million.

On July 16, nine US Bitcoin ETFs increased their holdings by a total of 5,383 Bitcoins

1/N BTC will not rebound to the previous high
Please think about what the general environment was when BTC reached the ATH twice before?
1) Strong and continuous ETF buying, real money (Figure 1)
2) Peak liquidity (February-end of March) (Figure 2)
3) Excessive market expectations of interest rate cuts, as high as 180bp at the beginning of the year (Figure 3)
What is the current environment? You will find that even none of these conditions can be met now. Let's dive in together.
2/N
For ETF buying, please refer to Figure 1. The "marginal purchasing power" is actually much lower than at the beginning of the year. How to understand? If you put...