Renowned Investor Spots Compelling Trend Among Bitcoin ETF Buyers

• Lark Davis has observed a compelling trend among BlackRock Bitcoin ETF investors.
• Many BlackRock ETF investors bought at $73,000, with the product seeing a diminishing inflow at $64,000.
• Users think the majority of ETF buyers are novices triggered by FOMO and FUD.

A foremost Bitcoin investor, Lark Davis, has observed a compelling trend among BlackRock Bitcoin ETF investors. In a recent post on X, the renowned investor noted that BlackRock Bitcoin ETF buyers purchased a billion units at $73,000 in one day. However, with Bitcoin at $64,000, the novel product saw zero inflow in a whole day.

Blackrock Bitcoin ETF buyers at $73,000 bought a billion in one single day.

Today, saw zero inflows into the Blackrock Bitcoin ETF. BTC price now $64,000.

There's a lesson there.

— Lark Davis (@TheCryptoLark) April 25, 2024

Davis’ observation triggered varying reactions among several crypto users, most of whom added their opinions as responses to his post. While the investor noted a lesson in the observed development, one respondent thinks it is all about investor sentiment and the fear of uncertainties.

According to a respondent, most people prefer to buy digital as…

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