Grayscale's GBTC stops bleeding: First inflow since launch – Cointelegraph
Grayscale Investments has achieved first-day net inflows into Grayscale Bitcoin Trust (GBTC). This comes after nearly four months of continued outflows since Bitcoin was converted into an exchange-traded fund (ETF) in January. On May 3, Grayscale’s GBTC saw inflows of $63 million, after recording approximately $17.5 billion in outflows since the launch of 11 spot […]
GBTC outflows overpower spot bitcoin ETF inflows – The Block
Funding • April 9, 2024, 2:54 a.m. EDT issued 1 minute ago upon The US spot Bitcoin exchange-traded fund recorded net outflows yesterday after four consecutive days of inflows. The main reason was Grayscale’s GBTC Spot ETF, which had net outflows of more than $303 million in one day. All other Bitcoin ETFs recorded net […]
Genesis purchases $2.1B of Bitcoin following GBTC sell-off – Cointelegraph
Bankrupt crypto finance company Genesis sells approximately 36 million shares of Grayscale Bitcoin Trust (GBTC) to acquire additional Bitcoin (BTC) as part of preparations to settle debts with creditors is reported to have been sold. According to recent Bloomberg reportOn April 2, Genesis liquidated approximately 36 million GBTC shares, valued at approximately $58.50 per share […]
Bitcoin Scales Higher on ETF-Led Demand Despite Outflows at GBTC – Yahoo Finance
(Bloomberg) — There appears to be little in the way of Bitcoin’s current rally. The largest cryptocurrency rose for a second straight day, nearing record highs on hopes of strong demand for exchange-traded funds (ETFs) earlier in the week. Most Read Articles on Bloomberg The most liquid token rose to $64,279, the first time it […]
Bitcoin sees 3% correction as GBTC investors dump nearly $600M – Cointelegraph
Bitcoin (BTC) has fallen more than 3% from its 24-hour high as investors in the Grayscale Spot Bitcoin Exchange Traded Fund (ETF) released $598.9 million from the fund on February 29th. This is the second largest net outflow on record. According to Cointelegraph Markets Pro, Bitcoin hit a 24-hour high of $63,585 in the early […]
BlackRock Bitcoin ETF passes $2B holdings as GBTC outflows dip 50% – Cointelegraph
Bitcoin (BTC) was stuck at $42,000 in Wall Street trading on January 29 as new exchange-traded funds (ETFs) began to outflow. BTC/USD 1 hour chart. Source: TradingView Bitcoin ETF comfortably absorbs GBTC outflows Data showed that BTC price trend continues to retreat from the local high of $42,800 seen over the weekend. Fresh off a […]
US gov's planned $118M Bitcoin sale is 'peanuts' compared to GBTC – Cointelegraph
The US government's planned sale of approximately $118 million in seized Silk Road Bitcoin (BTC) should not be seen as a cause for concern, market commentators say. Confiscation on January 10th newsThe report, which went viral on social media on January 24th, indicates that the government plans to dispose of 2,934 BTC after the January […]
JPMorgan says GBTC sell-off 'behind us' as ETFs post record net outflow – Cointelegraph
Investors have likely finished taking most of their profits from Grayscale Bitcoin Trust (GBTC), easing pressure on Bitcoin (BTC) prices, according to JPMorgan analysts. There is a possibility that This comes after daily net outflows from U.S. physical Bitcoin exchange-traded funds (ETFs) hit a record high on their ninth day of trading. Analysts led by […]
Bitcoin rides new $600M GBTC offload, with BTC price eyeing 2-month low – Cointelegraph
Bitcoin (BTC) hit its lowest price since early December after the start of Wall Street trading on January 23, as anger over the market sell-off mounted. BTC/USD 1 day chart. Source: TradingView FTX heats up as Bitcoin plummets Cointelegraph Markets Pro and TradingView We tracked the price movement of BTC as it fell to $38,505 […]
Bitcoin Exposed to Possible $1.5B in Future GBTC Sales, JPMorgan Says – CoinDesk
Financial giant JPMorgan (JPM) said in a research note on Thursday that Bitcoin BTC has lost $1.5 billion since the physical exchange-traded fund (ETF) was launched for the first time last week, leaving the Grayscale Bitcoin Trust GBTC. It said that the stock had fallen by more than 15%. “Over the past year, GBTC investors […]