Category: GBTC
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US Bitcoin ETFs See $85.7M Outflow After 4 Days of Gains; Grayscale’s GBTC Leads the Dip
From Peak to Present: GBTC’s Bitcoin Holdings Decrease by 266,827 BTC in 71 Days
GBTC Experiences Its Largest Daily Drain Yet, Nearly 239,000 BTC Gone in Under 70 Days
Grayscale Aims to Launch Mini Bitcoin Trust for Lower Fees and Tax Benefits
Email Shows Digital Currency Group and Gemini Explored Merger Before Genesis Bankruptcy
Report: Genesis Global Cleared to Unload $1.3 Billion in GBTC Shares
Bitcoin Market Dynamics Amidst GBTC Outflows: Analysts Differ On Future Trends
In the past week, Bitcoin faced notable shifts in market dynamics, marked by $2.2 billion in outflows from the Grayscale Bitcoin Trust (GBTC). During this period, the average holding time of transacted Bitcoin hit a record high. Bitcoin’s average holding time of transacted coins reached a record high this week amid $2.2B GBTC outflows.🔗https://t.co/1N4oOlUnxu pic.twitter.com/fmUFwtI38I — IntoTheBlock (@intotheblock) January 20, 2024 Grayscale, a major player in the crypto investment landscape, currently holds 566,973 BTC ($23.21 billion). This represents a decrease of approximately 52,227 BTC ($2.14 billion) since the approval of the Bitcoin Exchange-Traded Fund (ETF). Other key entities holding Bitcoin
The post Bitcoin Market Dynamics Amidst GBTC Outflows: Analysts Differ On Future Trends appeared first on The Merkle News.
ARK offloads $5.2M in Coinbase stock amid 18-month high
Cathie Wood’s ARK Invest has sold another 43,956 Coinbase shares as the stock hits an 18-month high at $119.7 per share.
Cathie Wood’s ARK bags 1.1M Robinhood shares in one day
Cathie Wood’s ARK Invest has continued accumulating Robinhood shares while dumping Grayscale Bitcoin Trust shares.