Head of Institutional Trading at Coinbase, the second-largest bitcoin exchange in the world, says sovereign wealth funds are quietly buying bitcoin this month

The implication here is that if Sovereigns are buying, but EFT flows are negative, then at least some Sovereign Funds are probably using mechanisms such as corporate multisig (which demonstrate a good level of BTC education) rather than EFT to gain Bitcoin exposure

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When you understand bitcoin is the ultimate sovereign wealth preservation tool, these moves make perfect sense.

Big #Bitcoin buys are coming in. Bullish. #BTC $BTC

Everyone wants bitcoin! 🟠

...and then they will sell it back to us at a higher price

Quietly buying *paper* bitcoin.

Amazing

Quiet now, loud later

Btc Cook

investing in Bitcoin is great decision