00:00 Speaker A

have we seen flows follow price?

00:01 Speaker B

Yeah, you know, it’s really interesting. There’s sort of a tale of two markets. There’s the original crypto investors who have been selling. I think that’s one of the primary drivers of what’s driving the market down. The institutional or at least financial advisor market that Bitwise services has been buying. We had inflows last week. Even if you look at just the inflows of Bitcoin ETFs, yes, there’ve been some outflows since October, but very small. I actually think the ETF holders are the diamond hands, and it’s been others who have been leading the downturn.

00:34 Speaker A

So that’s really interesting because I think one of the biggest…