The Grayscale Bitcoin Trust has had $21 billion in outflows since January, overshadowing gains from the nine new US-based spot Bitcoin ETFs in the market.
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U.S. spot bitcoin exchange-traded funds (ETFs) faced another tough day, with all 12 funds experiencing outflows totaling $120.76 million. Meanwhile, the nine spot ethereum ETFs saw a different story, pulling in $3.06 million during the trading session. Bitcoin ETFs Tumble, Ether Funds Walk Away Unscathed Thursday proved challenging for bitcoin ETFs, with no gains in […]
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The positive inflows into ETFs from major players like Fidelity and BlackRock highlight the growing confidence in these investment vehicles.
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U.S. spot bitcoin exchange-traded funds (ETFs) reported inflows on Wednesday, while spot ether ETFs experienced net outflows. Data reveals that 12 spot bitcoin ETFs collectively gained $45.14 million, whereas $23.68 million exited ethereum ETFs. Spot Bitcoin ETFs Gain, While Ethereum ETFs Shed Losses On Wednesday, sosovalue.xyz stats show the 12 U.S. spot bitcoin ETFs saw […]
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Spot bitcoin exchange-traded funds (ETFs) trading in the United States experienced their fourth straight day of net inflows on Friday. Data from sosovalue.xyz shows $73.05 million was added during the trading sessions, with Blackrock’s IBIT leading the pack. Spot Bitcoin ETFs Enjoy Four-Day Inflow Streak On Friday, the 11 spot bitcoin ETFs saw $73.05 million […]
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Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041 bitcoin, aimed at reimbursing its clientele. Genesis Liquidates Grayscale GBTC Holdings According to Bloomberg Law, court filings dated April 2 reveal that Genesis liquidated approximately […]
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According to the latest statistics, Grayscale’s Bitcoin Trust (GBTC) experienced its most significant outflow on March 18, 2024, totaling $643 million. Onchain experts have closely observed GBTC’s activities as a considerable number of bitcoin have been moved out of the trust’s reserves. Record-Breaking Outflow Hits Grayscale Bitcoin Trust Grayscale has continued to face outflows, marking […]
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Genesis Global Capital has received authorization to offload its stake in Grayscale’s Bitcoin Trust (GBTC), valued at approximately $1.3 billion. Genesis Global Permitted to Liquidate $1.3 Billion in Bitcoin Trust Shares According to Bloomberg, Genesis Global Holdco LLC secured Judge Sean Lane’s approval to liquidate its GBTC investments, currently estimated at $1.3 billion. The request […]
]]>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.
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Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust, or GBTC.
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