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 […]
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 […]
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 […]
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 […]
Grayscale bitcoin ETF saw record daily outflows as bitcoin tumbled – Yahoo Finance
Written by Suzanne McGee (Reuters) – Bitcoin continued to fall on Tuesday with record outflows from Grayscale’s Bitcoin Trust, accelerating the fund’s asset losses since converting to an exchange-traded fund this year. On Monday, when Bitcoin fell about 4%, the Grayscale ETF hit a record single-day outflow of $642.5 million, according to data from BitMEX […]
Spot Bitcoin ETF net inflows drop by 80% as BTC price dips below $69K – Cointelegraph
The US-based Spot Bitcoin exchange-traded fund (ETF) recorded its lowest net inflows ever on March 14, with net inflows of just $132 million. This is the lowest level in eight trading days and has fallen 80% since March 13th. Thursday’s decline was the second consecutive day of declines. Wednesday’s inflows reached $684 million, down 38.3% […]
VanEck Cuts Spot Bitcoin ETF Fees to Zero for One Year – Unchained – Unchained
VanEck announced that it will waive fees for investing in Spot Bitcoin ETFs until March 31, 2025, unless assets under management reach $1.5 billion by that date. VanEck will temporarily lower management fees for its Spot Bitcoin Exchange Traded Fund (ETF) to zero until March 2025. shutter stock Posted on March 12, 2024 at 2:06 […]
Bitcoin keeps record highs in sight as ETF inflows persist By Investing.com – Investing.com
©Reuters Investing.com — Stocks traded just below record highs in Asian trading on Tuesday, continued support from steady inflows into spot exchange-traded funds approved earlier this year. The world’s largest cryptocurrency rose 5.6% to trade at $72,156.6 by 22:51 ET (02:51 GMT), close to its all-time high of $72,771 hit on Monday. was maintained. Bitcoin’s […]
Bitcoin ETF Surge Leads Crypto Funds to Record-Breaking $2.7 Billion in Weekly Gains – Decrypt
Why is Bitcoin’s price hitting new highs? One reason is that so much cash is flowing into investment products, giving people exposure to the asset. And that propelled another record week for crypto funds. Last week, a record was set with digital asset management company CoinShares’ cryptocurrency fund receiving a record $2.7 billion inflows. Said […]
BlackRock's IBIT spot bitcoin ETF inflows cross $10 billion – The Block
BlackRock’s IBIT Spot Bitcoin exchange-traded fund on Friday surpassed $10 billion worth of net inflows in just two months. IBIT’s $10.03 billion in total outflows is nearly enough to offset the $10.55 billion in total outflows from Grayscale’s convertible GBTC fund alone. This compares with the $10.1 billion worth of inflows from the other eight […]