An simple guide to Decoding Traces Data
In this guide, we'll explore how to use traces to analyze transaction behavior, and gain a deeper understanding of smart contract execution.
Going Beyond Vanity Metrics
When it comes to measuring real crypto user adoption, vanity metrics- like active addresses and transaction counts, don’t tell the whole story. We have to go beyond quantity to measure quality and user behaviour.
A Primer on Smart Accounts
From EOAs to Programmable Smart Accounts: What They Are, How They Work, and Why It Matters
Leverage onchain data to discover what people are doing in crypto, why and how to maximize the trend.
An simple guide to Decoding Traces Data
In this guide, we'll explore how to use traces to analyze transaction behavior, and gain a deeper understanding of smart contract execution.
Going Beyond Vanity Metrics
When it comes to measuring real crypto user adoption, vanity metrics- like active addresses and transaction counts, don’t tell the whole story. We have to go beyond quantity to measure quality and user behaviour.
A Primer on Smart Accounts
From EOAs to Programmable Smart Accounts: What They Are, How They Work, and Why It Matters
Leverage onchain data to discover what people are doing in crypto, why and how to maximize the trend.
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The US SEC approved 11 spot BTC ETFs on January 10, 2024. Since then, more than $1.58 billion in netflows have been invested in these assets.
Among the 11 Bitcoin ETFs, Grayscale’s ETF (GBTC) has experienced the most substantial net outflow, totaling $5.8 billion. Conversely, BlackRock’s IBIT has attracted approximately $3 billion in net inflows, and Fidelity’s FBTC has gained $2.4 billion over the last 3 weeks.
A good explanation for GBTC’s significant outflow could be its relatively high fee of 1.5%, leading investors to explore more cost-effective options like BlackRock and Fidelity, both offering a lower fee of 0.25%.
Despite the outflows, GBTC maintains its top position among ETF providers, boasting a market share of 73.6%.
Presently, GBTC holds 476k BTC valued at $20.5 billion in its ETF treasury. Following closely are Fidelity and BlackRock, each holding 62k BTC valued at $2.7 billion.
Overall, the total value of all ETF holdings stands at $28.3 billion, representing 3.31% of the current Bitcoin supply.
This analysis is part of my 100 Days of Crypto Data challenge. Many thanks to Hildobby for inspiring this Dashboard. For a more comprehensive view, you can check out my Bitcoin ETFs Overview dashboard on Dune.
Stay Curious...
Thanks for reading Onchain Curiosity! Subscribe for free to receive new posts and support my work.
The US SEC approved 11 spot BTC ETFs on January 10, 2024. Since then, more than $1.58 billion in netflows have been invested in these assets.
Among the 11 Bitcoin ETFs, Grayscale’s ETF (GBTC) has experienced the most substantial net outflow, totaling $5.8 billion. Conversely, BlackRock’s IBIT has attracted approximately $3 billion in net inflows, and Fidelity’s FBTC has gained $2.4 billion over the last 3 weeks.
A good explanation for GBTC’s significant outflow could be its relatively high fee of 1.5%, leading investors to explore more cost-effective options like BlackRock and Fidelity, both offering a lower fee of 0.25%.
Despite the outflows, GBTC maintains its top position among ETF providers, boasting a market share of 73.6%.
Presently, GBTC holds 476k BTC valued at $20.5 billion in its ETF treasury. Following closely are Fidelity and BlackRock, each holding 62k BTC valued at $2.7 billion.
Overall, the total value of all ETF holdings stands at $28.3 billion, representing 3.31% of the current Bitcoin supply.
This analysis is part of my 100 Days of Crypto Data challenge. Many thanks to Hildobby for inspiring this Dashboard. For a more comprehensive view, you can check out my Bitcoin ETFs Overview dashboard on Dune.
Stay Curious...
Thanks for reading Onchain Curiosity! Subscribe for free to receive new posts and support my work.
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