FBTC

GettingFasterDude

If 1000 BTC, I'd hold 1/3 in an ETF (FBTC or iBIT), 1/3 in Fidelity Crypto and 1/3 in cold storage (collaborative multisig).

mickeyDisneyMouse

I'm in the same boat tech wise so I buy IBIT and FBTC ETFs, then just sell for cash before I need to pay my credit card bill (which pays me back a fee vs me paying a fee).

MinimalistMindset35

In 2007, at 19 I worked all summer as a residential counselor at a summer camp. I went to Apple and bought a 1700 Macbook Pro. Bank of America declined the purchase.19 year old me calls the bank confused and they say we declined it because you’ve never spent that amount of money since opening the account. After a few choice words they let the transaction go through. I learned a valuable lesson: when your money is at a bank they ultimately control if a transaction goes through so they have the power. I have never left large amounts of money in banks since that day. The audacity of a bank to protect me from myself. The same way Fidelity required I change my profile to extreme risk and fill out a risk survey to buy FBTC in my brokerage account. I called Fidelity and told them I would not fill out the survey because what I do with my money is none of Fidelity’s business. Fiat is way too comfortable getting in my business. The average person doesn’t understand that this is a privacy invasion and just accepts it. This is how we move towards big brother watching us 24/7. It happens slowly. Anyways, that post way me fanfic but fiat financial institutions do get in your business when you want to withdraw money or buy assets that they deem risky

ShittingOutPosts

I hold IBIT and FBTC in my IRA lol

toxictootz

Gonna put all my 401k on FBTC calls

mickeyDisneyMouse

It doesn’t work this way. I have my BTC on IBIT and FBTC but they have it in their wallets and it counts towards their number .

timothyguay

And people insult me for holding FBTC instead of BTC in some flaky wallet

FrenchUserOfMars

My Monthly DCA until 2034 (50y old) is : 1/ 50% $QQQM 2/ 50% $FBTC We will see in 2034... Its a long road...

nassauboy9

Did a bit of evaluating today on both options. Im currently in QBTC on Toronto exchange. For me at the time the nice ETF did not exist but now that they do either will significantly reduce my MER. These particular funds in a TFSA (tax fee) account. What I have noticed about QBTC is the diff between ask and sell is significant, and the depth is not great. Im not a high-frequency person but in any moment I want good liquidity. For my purposes the FBTC (canadian in my case) provides a good delta on buy ask and good depth and enough volume for my purposes. Im going to do the swap Monday as in my case either is a good choice LOL

flangarky

I hear people say IBIT has more volume than FBTC, but at what amount of $$$ does that actually matter? I'm sure selling $50 million would be a lot worse on FBTC, but does $500k, or even $50k really matter?

Sh726

I own FBTC in my Roth IRA and it has been a pleasant 2 days. Can't wait to see my balance at retirement. hODL 4 ever

Savings-Following232

I’m in a similar situation. I wanted exposure to BTC in my portfolio, so I invested the equivalent of 3 coins in FBTC at 63K. I did this because my 457 plan doesn’t allow direct investing in crypto. I’m not going to sell because I believe it will hit 120K by the EOY. One of the reasons I believe this is due to the out of control bond market and the approach the government is taking in buying back the bonds, driving the USD down.

Kinimodes

Making 125k a year, but couldn’t afford to buy.. however I diverted 100% of my 401k (10% per paycheck) into FBTC slightly over a year ago. It’s going to pay off now 😆

mickeyDisneyMouse

But isn't consolidation in 1 place silly. I only buy ETFs but I split between FBTC and IBIT since they custody differently.

uhohthrowawayyyyyy

Jesus people are worrying about self custody for 30 dollars of bitcoin. Please just buy an etf or something at that point, it’s not that serious lol you’re not saving yourself from doomsday by just ‘buying’ it through a trusted institution. FBTC or something wouldn’t have stolen your 26 bucks.

mickeyDisneyMouse

I have a substantial portion of my saving in BTC but I just buy IBIT and FBTC. They custody at coinbase and themselves respectively. There is way less risk compared to trying to be your own bank. I just buy and sell at will on E\*TRADE.

Difficult-Repair1295

Na FBTC is self custody.

GettingFasterDude

Same. I finally settled on this: approximately 1/3 in an ETF (FBTC in 401K), 2/3 on Fidelity crypto and 1% on my own cold wallet to keep up the self custody skill in case I need to exit the traditional financial system and take full custody at some point in the future.

jaxxon

No chance. Huge financial institutions are all-in. I was on Fidelity.com the other day and on their home page (logged in), they show key numbers like the price of oil, the price of gold, and... the price of bitcoin. Their FBTC ETF is super popular. The powers that be won't let BTC die. I can't speak for memecoins/shitcoins/etc.

now_hear_me_out

Doesn’t IBIT and FBTC both custody their wallets through coinbase? So of the 5 you listed, 3 of those would be vulnerable to a direct attack on coinbase? Sorry this isn’t meant to be a gotcha, this coldcard hack has me confused about what is actually secure storage or if that is even possible on the blockchain

Nick700

FBTC?

Accurate-Flow8078

This is why I sold all my coins and buy FBTC now. I trust Fidelity.

Saionji-Sekai

We are not in that era. We are entering an ai domination era and defending your wallets, your exchange accounts will give more trouble. Average bitcoin holders are not professionals. It's better to leave it to professionals. I bought FBTC which is running by Fidelity and that's all. You do not have to do something.

Saionji-Sekai

Buy bitcoin based etfs like FBTC. It's passive btc based etf running by Fidelity. And you won't worry about your wallet or exchanges.

Cute_Win_4651

Should have just bought BRK.B over that same timeframe or maybe bought SCHD, or literally anything lol huge bull market over the past 3-4 years The only way I’d invest in crypto is FBTC, FETH, and FSOL and hold in my ROTH account and long term/ swing trade them

aznpridesu

well just to be safe. you never know in crypto world. IBIT FBTC and ARKB they all have similar expense ratio.

aznpridesu

If you decided to go with ETF make sure to diversify. like spread your investments among IBIT, FBTC , ARKB tickers.

effdanwo

FBTC. Muun, Ledger Nano X

effdanwo

With all the KYC/AML/SoF BS guarding every on/off ramp nowadays, why not just buy FBTC in brokerage? Other than 24/7 trading, what advantage do you have this way?

Forded_Fiction24

Yes. Own IBIT and FBTC within conventional 2 accounts. Then self custody and use a ledger and bitbox02 btc only wallets, and use or have holdings on 3 exchanges 

South-Attorney-5209

Heres the honest truth: If you just want to invest in it: open a roth ira with fidelity, buy FBTC If you want to trade it: leave in coinbase or kraken and lose it all trading If you want to store for the financial apocalypse: keep in cold storage and hope it doesn’t walk away

YellowRobeSmith

Happy to help, I recently sold all of my BTC from my wallet and moved it to the Fidelity FBTC ETF so had to follow those same steps.

valdafay

I was one of them. This incident was a slap in the face for every joe-schmo hodler like me that barely has a clue what they are doing. I have traded self custody for FBTC. Pretty sure their security setup is better than what I had going on in my 1 bedroom apartment.

Useful-Amphibian4841

I just tell people to buy IBIT/FBTC these days.

AmeriChino

Liquidity is not a concern if you get FBTC, IBIT, etc. Fee is also pretty low. It's a small premium that many people are willing to pay in return of not having to deal with private keys.

Zestyclose_Ad2462

Dude, you're so young! Mid-30's??!! You have LOTS of time to recover. Dollar cost average whatever you can into FBTC in a Roth IRA at Fidelity. Get on the compound interest calculator and you'll see I'm right - you have time to recover and still retire a millionaire! Besides, money isn't wealth. HEALTH is wealth. If you have it (and presumably you do), you have EVERYTHING. I've experienced Sue Iside in my family OK? It DESTROYS the people that are left. Family, friends etc etc. Whatever pain you are feeling is temporary. I didn't say it doesn't hurt, but it's NOT forever. The pain you'll inflict on other people around you will be PERMANENT. Please I implore you, don't do this.

MarloChrisSnoop

I like this. I’m is it cheaper to buy on coinbase than Fidelity? Thinking is doing same as you but buying on coinbase first. Also, what’s better doing this method versus just buying FBTC? 🤔

HugeLarry

This is my jam also. I previously split between FBTC and self-custody, but since the Coldcard fiasco, I've added Coinbase exchange storage into the mix. I like how Fidelity and Coinbase have separate custody infrastructure, and I feel safer being less concentrated into self custody, which honestly I didn't even feel great about prior to the fiasco.

Forded_Fiction24

I do.  I have separate wallets and addresses for my self-custody Bitcoin. That doesn't give me enough comfort in of itself though still which is why I hold some on a couple different exchanges and also have some shares of IBIT and FBTC as well

MrNoodleIncident

Expense ratio on FBTC is 0.25%. But no buy/sell commissions or fees

Maleficent_Poet_7055

I moved my Bitcoin to Robinhood, Strike, and Fidelity. Need to diversify custodians. I also have a bunch in FBTC in IRAs.

Randobag314

Yeah I hold FBTC in my fidelity Roth IRA. It’s purely bitcoin not bitcoin companies. If bitcoin goes up 10% it goes up 10%. It’s FDIC insured so I rest easier having it there as a long term forget about it hold. We’ll see where it is in 20+ years when I retire.

YellowRobeSmith

BTCI is a horrible idea. It owns Bitcoin-related ETPs and overlays an active options strategy designed to generate monthly distributions. Selling call options can sacrifice some Bitcoin upside in exchange for current cash flow. It is not intended to replicate Bitcoin as cleanly as FBTC. Not only these reasons but it’s annual fee to own is four times 3 times more expensive. So if your plan own $250k of BTC then you pay $633 annually where as if you own the same amount of BTCI you pay $2500

Accurate-Flow8078

I sold all my coins last year and bought FBTC in my brokerage. Everyone said "not your keys not your coins" but I don't care, I hate self custody. I sleep well at night.

aznpridesu

I also have my BTC holdings spread across multiple ETFS. IBIT FBTC and ARKB. The only way I know how to diversify lol

00-SilverShot

I always thought airgapped wallets were pointless and stayed with Trezor because their source code is on Github. So glad I did. Thank you God! My Trezor is the older Model T. I’ve been wanting to upgrade for a while and now is a great time. I went ahead and bought a new Safe 5 (btc only) for better entropy than the Model T. Nothing is wrong with the Model T, but I’m not taking any chances after recent events. This also shows that YOU SHOULD NEVER PUT YOUR EGGS IN ONE BASKET. If you’re lucky enough to hold over 1 BTC, split it between a multiple hardware wallets from different manufacturers who have a better reputation (Trezor, Ledger). I also use BlueWallet on iPhone (open source). I keep some on the Strike app (custodial wallet, I trust Jack Mallers) and also hold FBTC in my Fidelity account.  Hardware wallets are for long term holds, soft wallets are for spending, and ETFs are for short/medium term holds where I take profit during bull markets. Never put more than 50% in one spot. I’m not saying this is for everyone, but it’s what I do. If one thing gets hacked, you still have at least half your coins still. Stay safe out there friends.

effdanwo

With KYC/AML/SOF requirements at every on/off ramp nowadays, what's the real advantage of holding BTC in a wallet, unless you wanna transact 24/7 or think P2P commerce will be viable if SHTF and government dissolves, along with taxes and reporting. Granted, maybe your coin is non-KYC and you have ways to spend pseudo-anonymously. You'll get SIPC protection with IBIT or FBTC in a brokerage account, and getting a margin loan in lieu of booking capital gains will be quick and easy.

FrenchUserOfMars

$FBTC team, custody storage by fidelity.

Difficult-Repair1295

I've been around since 2012. Most people lose money on exchanges because their account gets hacked not because the exchange goes under. I do not like Coinbase as a company but they have the best solution in my opinion if you pair their Coinbase Vault which requires a time delay and two email address signoffs to move funds then pair it with some YubiKeys. Chances of getting hacked are pretty damn minmal especially with the physical YubiKey componet. I wish other Bitcoin only exchanges would adopt this. Cough River, Strike, etc. ETF is exposure is not a bad thing. There is obviosuly a fee associated with holidng it, but speaking as a US person can be beneficial when holding in a tax advantaged account such as an IRA or 401K. There are still shady exchanges out there. But the KYC and many of these exchanges such as Coinbase and Gemeni being publicly traded companies. Trying to compare them to Mt. Gox, FTX and the slew of others ones that went under is just not accurate. With that said I would 1000% diversify how my Bitty custody is done. Even with the ETFs probably splitting between IBIT and FBTC. Final thing to say. Is for the average Joe even if you are all self custody. Chances are you ain't really rich using Anchor Watch and some these premium services. You drop dead your family ain't tech bros and even if they figure out the treasure map you left for the seed phrase. They going to ask their buddy or family friend and they going to steal your stack.

Difficult-Repair1295

Personally I believe many in Bitcoin community have done a great disservice parroting this idea that people should self custody all their Bitcoin. I am 100% for self custody but no way personally I am leaving everything in a cold wallet. I use Coinbase Vault with YubiKeys, River ForceField, Fidelity Crypto tied to a Roth IRA where withdrawls are deactivated, then own a split of IBIT/FBTC to diversify ETF custodians in retirement and traditional brokerage accounts. Then of course a partial stack in self custody. All this is to diversify the risk, but also if I suddenly drop dead ain't nobody going to be able to figure out the damn treasure map I've left on how to recover the funds my cold storage. Even if they find the seed aint no way they going to know what to do with it and will probably get stolen by some bad actor.

Decent_Okra_3521

As of August 2026, **Fidelity's Bitcoin holdings (including the Fidelity Wise Origin Bitcoin Fund, FBTC) have never been hacked or stolen**.

Lehcen

So sorry to hear this. I recently transferred all my bitcoin to FBTC for this exact same reason. This number one hurdle to Bitcoin for mass adoption. Don’t despair and remember sats always be worth more than dollars

Difficult-Repair1295

Diversity how you custody your Bitcoin exposure. Don’t be a squirrel and leave it all in one place. With that said. I’ve said this numerous times. But Coinbase Vault feature is good especially if you pair it with some YubiKeys. For Brokerage Fidelity Crypto is pretty good even though the fees are a little higher. Nice thing is you can open things like Roth Fidelity Crypto accounts if you are in the states and have the Bitcoin exposure with tax advantages. Main thing with Fidelity is just make sure the settings to withdrawal Bitcoin remain off. You might not even be able to withdrawal in a tax advantage account. If you worn ETFs split your holding between IBIT and FBTC. IBIT is Custody by Coinbase and Fidelity self custody’s. All other ETFs are custody by Coinbase except I think Van Eck which uses Gemini. So IBIT has cheapest fees of the Coinbase ones. As far as cold storage not bad to have. But personally don’t want to put everything in one place. Today is the hack but people lose their coin in many different ways house fires, compromised seeds, forgetting them, dying and family unable to recover, etc.

JerseyJimmyAsheville

And its trading symbol is FBTC-u.to, which is on the Canadian exchange.

MRJohnson1997

FBTC - it’s by Fidelity. They self-custody their Bitcoin

duckgoquacky

I think FBTC.TO is one

Actual-Constant-4288

Fidelity Advantage Bitcoin ETF FBTC.TO

Difficult-Repair1295

Who said it was my entire stack. Bro you gotta diversify your custody exposure to Bitty. ETFs split between IBIT and FBTC, Coinbase Vault, River ForceField and self custody HW Wallet. Don’t be a damn squirrel and hide all your nuts in one tree.

duckgoquacky

There is an FBTC traded on the TSE

JerseyJimmyAsheville

No sir, FBTC, not Canadian.

Fix_The_Money

Sorry to hear about your loss... probably best for any newcomers and people who have to start over again to just buy IBIT or FBTC and not have to assume any of the risks that come with self-custody..

grandma_corrector

You can spread the host around too. For instance, coinbase services several ETFs, but Fidelity (FBTC) maintains their own

Cdylanr

FBTC. They are distinct among major U.S. spot Bitcoin ETFs because it uses its own subsidiary, Fidelity Digital Assets, as their primary custodian rather than outsourcing to a third party like everyone else does with Coinbase.

Forded_Fiction24

I divide between ibit and fbtc. Reason being Black Rock is the biggest name that as long established with the largest volume and most assets under management. They use coinbase as their custodian. For that reason I buy FBTC where Fidelity is also a pretty well established name and they custody their own, dividing the risk between 2 custodians. I also consider which investment vehicle to buy these ETFs in. While I do hold some in 2 taxable brokerages, I prioritize purchasing them within my Roth IRA or coverdell ESA for the tax advantage

AssmanMold

FBTC imo im in a different place in my life than a few years ago, i was a staunch bitcoiner and "not your keys not your coins" but now... meh. maybe i just see it more like gold than a currency now, i would rather have my money in a spot gold etf than holding actual gold. Edit: Also with things like Mythos from anthropic existing and were just at the beginning with that idk if i trust the future in this stuff. you still have to trust a hardware device company or an exchange, and you cant have trust in this space.

Forded_Fiction24

Fidelity takes it's own custody. I split between IBIT and FBTC for this reason. Then have my own on cold storage and use a bitbox wallet. Not keeping my eggs in one basket 

Forded_Fiction24

We have them accessible with a ROTH ira here, which means no taxes on capital gains. Imagine what that could mean if Bitcoin goes to $1M or $5M in another few decades. This is why I hold BTC on a wallet and own IBIT and FBTC within my Roth. Have a huge tax advantage in the Roth account

Accurate-Flow8078

Ya that's high. FBTC has no fee and an expense ratio of 0.25%, and doesn't require opening a separate crypto account.

JacquesBondeaux

and Fidelity has its own inhouse ETF: FBTC

Difficult-Repair1295

As Bitcoin Maxi this is why I never trusted Bitcoin Maxi's. Fuck Cold Card and Coinkite and everyone who shilled this shit. So sad to see people life savings whiped out. I said ever since the ETFs came out. If you have been in BTC for over 10 years. You can't afford not to diversify your custody. This shit is hard even for an old school person. Have some in cold storage, have some through ETFs IBIT and FBTC even there diversify custody. I even have some sitting in the Vault on Coinbase (I know I don't like them either but I like this feature I've been using it since 2015) which requires two email to remove and a YubiKey.

Accurate-Flow8078

Ya I sold all my coins last year and I just huy FBTC now. Too many horror stories like this. I trust Fidelity.

YellowRobeSmith

Yes if you don't trust yourself handling it and don't trust a wallet. What you have to remember though is that if Fidelity implodes/goes bankrupt, so does the FBTC ETF with your investment.

YellowRobeSmith

Just buy the Fidelity ETF. Open a Fidelity account if you don't already and then type in symbol FBTC and buy it from now on.

Savings-Following232

I’m investing in FBTC because I wanted price exposure and I’m not allowed to invest directly in crypto with my 457B plan. It has a low expense ratio (0.25%) which is a small price to pay for peace of mind.

GodEmperorOfArrakis

I have a ColdCard Q but have been using FBTC on Fidelity for a while now. I’m so sorry for you and everyone affected. This is really a devastating day for the community.

SoggyOutfield

I am jealous as hell of my wife who has 100% of her bitcoin in FBTC inside her Roth, I have very little in my roth and the rest not tax advantaged. It is going to sting like hell one day

JerseyJimmyAsheville

I believe .25% on FBTC, that’s not really bad.

One_Talk_3410

I have FBTC and IBIT and STRC in my Roth. IDGAF what purists think

OldHamburger7923

I read the prospectus on FBTC and IBIT and both said you are fucked if they get hacked.

TokyoLosAngeles

FBTC

FrenchUserOfMars

My Monthly DCA until 2034 (my 50y old) : 1/ 50% $FBTC (custody storage by Fidelity) 2/ 50% $QQQM I sleep well at night. You too ?

yolololololologuyu

FBTC

Few-Sky-976

Not a bad time to buy BTC (or rather IBIT or FBTC ETFs), as it's showing a bullish consolidation right now.

Few-Sky-976

If you have a Robinhood, Fidelity, Scwhab, WeBull, or other brokerage account, you can buy either IBIT or FBTC. These are both 1:1 BTC ETFs. They trade like a stock. No need to keep a wallet. No need to report digital asset transactions every year on your tax return. Also, easier to buy or sell (but subject to market trading hours, typically 9:30-4pm EST M-F).

FrenchUserOfMars

$FBTC bro. $IBIT, custody storage by $COIN for information.

donrab87

Asking this question leads me to believe you’re high risk for getting scammed. Keep it safe, open a Roth IRA and buy FBTC the bitcoin etf. You’ll be much safe in this territory.

ting-ting_jahe

Read the Bitcoin Standard and Lords of Easy Money. If owning btc physically is too confusing (not a dig, I get it) you can buy etfs that track the value of btc like IBIT and FBTC. Personally, I avoid crypto exchanges like the plague and I only buy through fidelity.

FirstAmendmentIsDead

My Bitcoin allocation is 4x larger than my retirement, ignoring some FBTC in my Roth IRA. I am comfortable with this. If you’re not comfortable with your level of risk change it. As much as we love Bitcoin we love living a comfortable and stress free life even more, which for you, may mean selling. Do what feels right and don’t worry about your positions if they don’t feel right.

SkyEnvironmental7746

Fassets go look at current XRP on network being used for defi. over 150M. FBTC coming. When that happens price will mature the network. I can’t sit here and explain everything it’s to much. But on top of RWA real world assets and being attached to FBTC and FXRP TVL will shoot Flare above $0.15-$0.30 by 2030

SkyEnvironmental7746

I wouldn’t say Flare will outperform BTC. I would say Flare has more upside potential because of its small market cap. Flare’s current price is $0.006. My average buy price is $0.0093. From constant buying I’m catching up to Flare’s All time low currently. Once FBTC launches on Flare I see Flare hitting $0.15-$0.30 by 2028-2030. Which means I’m a multi-millionaire with Flare alone. and a conservative $0.15-$0.30 is totally possible. Not hopium or delusion like $0.50-$1 dollar. So at $0.0093 I recoup or break even. For every penny Flare moves after that I make $100K+ in profit. All while it’s currently paying me $6K-$7K a year from staking.

donrab87

Gotta stop treating bitcoin like a stock. It’s not the sp500. Treat like all crypto… a pump n dump. Buy it now at 60K, wait a year and it will hit 100K+. Sell it all, wait a year buy it back at next 60%+ dip, then wait a year and sell it again. Super Ultra Pro Tip: you can buy bitcoin through ETFs now like FBTC in a Roth IRA. Buy sell as much as you want and pay NO TAX!!! I’ve been doing it for years now.

Arboga_10_2

I want simplicity and my brokerage is with Fidelity. And my HSA. I have FBTC in both.

Ughnotagaingal

You can also do this with IBIT or FBTC etc though, MSTR is not distinctively better than them except for leverage

HugeRoof

Tax free accounts can hold FBTC which doesn't introduce Saylor clown show, so that's not a good argument for MSTR.  I don't really care about MSTR one way or another, but MSTR is a weird way to hold BTC. 

Datsyuk420

I buy that in my wife's retirement account. She already has the account set up and she gets $ matched. I can invest that into FBTC or MSTR. Both have counterparty risk. So I buy MSTR in retirement accounts and self custody BTC. I turned down my retirement account because they did not allow for self directed. That is the fucking point.

FrenchUserOfMars

DCA : 50% $FBTC / 50% $QQQM. Final DCA : 2034.

xBrodoFraggins

I agree, and I do believe good came from it. Being able to purchase FBTC in my IRA for example, but I hate the fact big hedge funds can create paper BTC and fuck with one of the things that makes BTC awesome.

Cute_Win_4651

I’d personally buy FBTC and hold it in a ROTH IRA (tax free returns)

StrategicPotato

I sold all of my FBTC last year for a big gain the second I saw Saylor in tons of articles doing all of this shit lmao. Everything this guy has touched for the past 25 years turns to shit.

AutoModerator

Post is by: Direct_Band896 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1uiwkc5/the_13day_etf_outflow_streak_finally_broke_dip/ The spot ETF outflow streak ended at thirteen days on June 3, with $4.33 billion total leaving since mid-May. Then on June 12 we got a $145 million inflow day. The question is whether this is the start of a reversal or just a short covering rally before the next leg down. I pulled BTC funding rate data from Coinglass and a couple of exchanges I use to get a wider view. On BYDFi the funding hit around 0.01% when the inflow showed up on June 12. In real breakout scenarios in January and April, funding spiked above 0.06% within 48 hours of the first inflow day. The current level suggests this is more repositioning than new leveraged demand. OI is saying the same thing. Total perp OI for BTC is down roughly twelve percent from the May high. In January, OI grew into the breakout. In April, it stayed flat but did not drop. Now we are seeing lower OI combined with neutral funding, which usually means shorts are covering into weakness rather than longs piling in. The other thing that makes me cautious is the ETF flow composition. The June 12 inflow was mostly into BlackRock's IBIT, but FBTC and Ark's ETF still saw small outflows. That is not broad-based buying. It is one or two large allocators rotating, which can reverse just as fast. I am not short here but I am not adding size either. Waiting for either a second consecutive inflow week or funding to actually spike before calling this a bottom. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*