The new ETFs about to suprass MicroStrategy holdings.

It is nothing short of amazing the high level of accumulation from the new ETFs. It is true that a lot of the bitcoin might be "reshuffled" from GBTC to the new spot ETFs, but if we look closely, the ETFs have amassed an extra ~37,000 bitcoin since they started trading, while considering GBTC outflows as well.

This is more than 2100 bitcoin per day since starting trading in January 11th. And if we add on to this the approximate 700 bitcoin that retail has been scooping up daily in the last two weeks on average, it gives us a total of 2800 bitcoin being consistently removed off the market.

The time will come when sellers get exhausted, and to put it in other words, 3 days of issuance are being scooped between just ETFs and Retail on a daily basis, in moments when the daily issuance is about to be cut in half.

Incredibly enough, it seems that the ETFs will have more bitcoin that MicroStrategy at the end of this week.. How long until this generates a heavy supply shock?

We will find out.