Spot bitcoin ETFs break five-day outflow streak – The Block
Funding • March 26, 2024, 4:14am EDT issued 1 minute ago upon Spot Bitcoin exchange-traded funds (ETFs) saw net inflows yesterday after five consecutive days of outflows. Net inflows into Spot Bitcoin ETFs on Monday totaled $15.7 million, according to . data From Soso Value. This follows consecutive single-day outflows of up to $326.2 million […]
Outflows from Grayscale bitcoin ETF hit $1.9 billion in single week – Yahoo Finance
Written by Suzanne McGee and Hannah Lang (Reuters) – Grayscale Bitcoin Trust recorded $1.9 billion in outflows last week, according to BitMEX Research data, while the U.S. spot Bitcoin exchange-traded fund (ETF) group posted a There was a net outflow. Since the U.S. Securities and Exchange Commission approved new crypto ETFs in January, there has […]
Blackrock says bitcoin will be a good portfolio diversifier despite its recent rally with stocks – CNBC
Robert Mitchnick, head of digital assets at BlackRock, says Bitcoin is more like digital gold than a so-called “risk-on” asset. For years, Bitcoin’s ability to behave differently at different times has confounded investors. They believed in the idea that this might be a hedge against inflation, but in 2022, cryptocurrencies fell along with stock prices […]
Why Grayscale's Bitcoin ETF Will Run Dry of BTC in 96 Days – BeInCrypto
Bitcoin exchange-traded funds (ETFs) have had a major impact on the cryptocurrency market since their debut in January. Even marker observers are impressed by the record performance of these instruments. However, one prominent product, Grayscale Bitcoin Trust (GBTC), continues to experience outflows, raising concerns about its future trajectory. Grayscale’s GBTC Bitcoin reserves depleted Blockchain analysis […]
Cathie Wood: 'Financial superhighway' Bitcoin will hit $3.8m – crypto.news
ARK Invest CEO Cathie Wood expects Bitcoin’s value to soar.financial superhighway” towards $3.8 million. “If institutional investors were to allocate just over 5% of their portfolios to Bitcoin, which we think they will do over time, that would just add $2.3 million to the projection I just gave. “It will be,” Wood said. Said At […]
Bitcoin ETF demand could rise as prices drop, crypto analyst suggests – Cointelegraph
The spot Bitcoin ETF market has been sluggish recently due to the fall in Bitcoin prices. Despite this continued decline in net flows, Ki Yong-joo, a prominent analyst and CEO of CryptoQuant, predicts a potential revival of the spot Bitcoin ETF market. in post In X on March 22nd, Ki Yong-joo shared that the net […]
This Week in Coins: After Setting a New All-Time High, Bitcoin Struggles to Retake $69K – Decrypt
Illustration by Mitchell Preffer of Decrypt. Bitcoin seemed to be on a roll earlier this month, hitting a new all-time high just 10 days ago. It is currently struggling to break above the long-term high of $69,000 set in November 2021. what is happening? First, selling coins in grayscale is useless. As investors redeemed their […]
Crypto Market Sees Red as Bitcoin, Ethereum, Solana Dip Ahead of Halving – Decrypt
Cryptocurrency markets opened Friday covered in red. Several coins, including Bitcoin, Ethereum, and Solana, fell in morning trading. This could be a sign of increased volatility ahead of Bitcoin’s halving, as traders try to determine whether they have priced in this event correctly. And as Bitcoin progresses, other markets generally follow suit. According to CoinGecko, […]
Bitcoin tumbles from record high as Grayscale ETF outflows hit $12bn – Financial Times
Unlock Editor’s Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Bitcoin has fallen 16% from last week’s all-time high, reversing the influx of money into new equity markets that had driven this year’s huge rally. The world’s largest cryptocurrency, which reached $73,800 last Thursday, fell to $60,760 […]
Bitcoin Registers Biggest Single-Day Loss Since FTX's Collapse – CoinDesk
Bitcoin’s (Bitcoin) The price correction accelerated on Tuesday as U.S.-listed spot exchange-traded funds (ETFs) lost popularity. The leading cryptocurrency by market value fell more than 8% to less than $62,000, according to data from charting platform. TradingView Show. This is the largest daily percentage (UTC) decline since November 9, 2022. Prices plummeted more than 14% […]