Bitcoin ETFs have eked out positive inflows past month and YTD and IBIT is +2.4b YTD (Top 1%). Impressive and IMO helps explain why btc's price has been relatively stable: bc it's owners are more stable! For the past 15mo the ETFs and Saylor have been buying up all 'dumps' from the tourists, FTX refugees, GBTC discounters, legal unlocks, govt confiscations and Lord knows who else. Saylor obv isn't selling and ETF investors (as I've been saying bf it was cool) are much stronger hands than most think. This *should* increase stability and lower volatility and correlation long term.