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Germans Selling - ETFs Buying (Patreon)

Published:
2024-07-08 22:24:25
Imported:
2026-06
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Content

Grayscale just had their fifth biggest day ever, taking in over $25 million!

While the Germans are selling, the ETFs are buying BTC

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Comments

SD #1

Grayscale taking in $25 million is nothing to celebrate since they will surely dump that back on the market in the days ahead.

OrcinusOrca

I really would like to know exactly what is coming. Laggard advises the Germans a lot and Brussels hates btc

Donaldo

I thought the Germans were buying back the BTC they sold?

Buzzbomb

Loading up the carry trade?

Piper

ETFs must be buying.. I've converted an old retirement account (taxable) to 50% BTC ETFs. Deferred tax till exit and will be a much faster horse IMO.

voodoo

"taking in over $25 million!" .... well, not sure what is exciting about that if we already know why those buyer bought the most expensive ETF... to suppress the price with their cary trade :/

voodoo
>>143085176

Yep, those buying the most expensive ETF are not doing it for long term investment. only to suppress the price

Sol Hodlman

It will continue to be manipulated until the majority of BTC gets into hands that hodl and don’t sell.

Dave

Man I'm confused...I just read a few articles in regards to Germany selling BTC and then buying it all back?...Can someone clarify which story is the real one?

SiriusMonkey

NOT THE GERMANS - it is the federal State of Sachsen who is selling confiscated BTC, and not the Minister of Finance of Germany. This is a big difference. I don't agree with what the Sachsen are doing but we have to stay clear with that topic please.