The Bitcoin Spot ETFs may have just bought nearly 1/50th of available BTC

Disclaimer! If I've gotten incorrect information then it means what I'm posting is wrong. So over the next couple days more concrete information could come out and completely invalidate this post.

However, right now it is being stated that there were roughly $1.4b total inflow into the ETFs, or roughly 34,000+ Bitcoin being purchased from last week. I've seen some people mix up numbers on GBTC affecting this, but these are the numbers I'm working with.

If true, this means .1667% of all Bitcoin ever was just purchased. AND, this would make up 1.85% of all available Bitcoin on exchanges(1.9mil BTC or roughly $75.5bil). So in the first 2 days nearly 1/50th of available Bitcoin was bought up.

Bullish! Shove that hopium in my face!

More sobering though, Coinbase and other exchanges certainly can have 'more secret wallets' of holdings that could drastically change this number of available BTC. And, it is likely the purchases into the ETFs will slow down and have a lull for weeks or months.

But the implication is that in roughly 120 days, only weeks after the halving, we might have a supply crunch on Bitcoin as available BTC dries up. Price will need to increase to counter this.

Really keen on following the numbers with these ETFs. Delayed finalizing purchases, and OTC purchases, won't affect price much at all, but the supply drying up definitely will. Next 3 months will be exciting!

EDIT: the $1.4b was total inflows, not net inflows. Net inflows were just over $800mil. And total net from the first 3 days is closer to $1b. This means it will take roughly 180 days to see the ETFs take 2 million BTC. Last night an article came out that clarified the inflows minus GBTC outflows and I didn't see it till today. However, this amount of buying is likely to pick up and so we could see major price increases later this year due to demand from the ETFs. Not even considering the halving or FOMO.