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GBTC outflows pull down ETF momentum
1.3.2024
Bitcoin ETFs lost their momentum amid heavy outflows from GBTC. On February 29, 2024, the number stood at $599 million. Since the US Securities & Exchange Commission announced the launch of Spot Bitcoin ETFs on January 10, 2024, this is the second-highest outflow. Nevertheless, BlackRock...
GBTC Sees $600M Outflow Day After Bitcoin ETFs Set Record Net Inflows of $673M
1.3.2024
Grayscale’s spot Bitcoin exchange-traded fund (ETF) (GBTC) has seen a slow trading day experiencing net outflows of almost $600 million on Thursday, making this the second largest outflow day since 11th Jan 2024.
The post GBTC Sees $600M Outflow Day After Bitcoin ETFs Set Record Net Inflows...
Bitcoin ETFs Absorb $520 Million As Grayscale Outflows Reach New Low
27.2.2024
Bitcoin ETFs experienced $520 million of net inflows on Monday – one of their top five best-performing days since launching on January 11.
The post Bitcoin ETFs Absorb $520 Million As Grayscale Outflows Reach New Low appeared first on Cryptonews
Bloomberg Data: Grayscale Bitcoin Trust (GBTC) Saw $7.4 Billion in Outflows over First 31 Trading Days
27.2.2024
The Grayscale Bitcoin Trust (GBTC), the world's largest Bitcoin exchange-traded fund (ETF), has seen continued outflows for an entire month.
The post Bloomberg Data: Grayscale Bitcoin Trust (GBTC) Saw $7.4 Billion in Outflows over First 31 Trading Days appeared first on Cryptonews
GBTC Records Lowest Daily Outflows Since ETF Conversion
26.2.2024
Grayscale’s flagship Bitcoin Trust GBTC has just recorded the lowest daily outflows since it converted to an ETF. According to data posted on X by the research arm of crypto exchange BitMEX, GBTC’s outflow on February 23 was just $44.2 million. Bitcoin ETF Flow – 24 Feb 2024...
Bitcoin ETFs Return To Outflows Amid GBTC Sale Revival
22.2.2024
Bitcoin ETFs had their first day of net negative outflows for the month of February on Tuesday – a possible sign that hype around the investment vehicles is starting to die down.
The post Bitcoin ETFs Return To Outflows Amid GBTC Sale Revival appeared first on Cryptonews
Bitcoin ETFs Gobble Another $477 Million Despite Rising GBTC Sales
16.2.2024
Bitcoin spot ETFs in the United States absorbed another $477 million in net flows on Thursday, maintaining record growth despite a revival of outflows from the Grayscale Bitcoin Trust (GBTC). Data compiled from BitMEX Research shows that Bitcoin ETFs have absorbed over $400 million of flows...
Gold Funds See Big Outflows Alongside Rush of Money Into Bitcoin ETFs
15.2.2024
While the new spot bitcoin ETFs have received billions in net inflows since opening for business on Jan. 11, a sizable amount of money has been exiting gold ETFs
Gold ETFs See $2.4 Billion in Outflows While Bitcoin ETFs Thrive
15.2.2024
Gold exchange-traded funds (ETFs) have faced significant outflows this year, while ETFs tracking the spot price of Bitcoin (BTC) have seen strong inflows. According to Bloomberg intelligence analyst Eric Balchunas, the leading 14 gold ETFs have experienced outflows of $2.4 billion in 2024 as...
Bitcoin ETFs Trigger Massive Miner Outflows, Over $1 Billion Moved to Exchanges
6.2.2024
Bitcoin miners reportedly sell their asset reserves or leverage them to upgrade their capacity as inflows to cryptocurrency exchanges continue. A new report from Bitfinex Alpha Market shows Bitcoin ETF approvals by the United States Securities and Exchange Commission (SEC) impacted miners’...
Digital Asset Investment Fund Record $708 Million Inflows as AUM Hit $53 Billion
5.2.2024
Digital asset investment funds have seen an increase in inflows across seven days following a market rebound after days of sell-offs. A new CoinShares Weekly Crypto Asset Flows Report shows massive inflows into Bitcoin (BTC) and other cryptocurrencies, raising yearly entries to $1.6 billion....
Bitcoin ETFs See $700M Net Inflows as BlackRock, Fidelity Gains Offset GBTC Outflows: CoinShares
5.2.2024
New U.S. bitcoin ETFs have amassed $7.7 billion in funds since debut, offsetting the $6 billion outflows from incumbents, according to CoinShares data
9 New ETFs Capture 177,949 Bitcoin, Pulling Nearly 40M BTC off Market After GBTC Outflows
4.2.2024
In the latest reports, a number of the nine spot bitcoin exchange-traded funds (ETFs) that were launched on Jan. 11, 2024, have increased their bitcoin holdings following the last day of trading activity recorded on Feb. 2, 2024. According to the data, Blackrock’s IBIT now possesses...
Best Crypto to Buy Today January 30 – Bittensor, Sui, Sei
30.1.2024
With cryptocurrencies in a bullish mood on Tuesday, investors are on the hunt for the best crypto to buy today. Bitcoin (BTC) continues to hold at two-week highs the mid-$43,000s, comfortably above its 21 and 50DMAs. Concerns about Grayscale sell pressure has faded this week as outflows from GBTC...
GBTC Outflows Topped $2.2 Billion Last Week, Outweighing All Spot Bitcoin ETF Gains: CoinShares
29.1.2024
Newly released data reported by CoinShares reveals Grayscale’s spot bitcoin ETF (GBTC) saw over $2.2 billion in outflows last week, greatly outweighing the total weekly inflows of its competitors. ETF Outflows are Finally Subsiding According to CoinShares’ report, newly issued spot bitcoin ETFs...
Digital Asset Funds Record $500 Million Outflows Amid Market Market Decline
29.1.2024
Digital asset investment products have recorded a massive $500 million in outflows in the last seven days following a week of sell-offs as the wider market struggled. A recent CoinShares Digital Asset Weekly Funds Flow Report shows huge outflows across Bitcoin (BTC) and multiple altcoins with...
Crypto Funds Saw $500M in Outflows Last Week as GBTC Bleed Outweighed Rivals' Gains: CoinShares
29.1.2024
Outflows from Grayscale's GBTC now total $5 billion, but appear to be subsiding, CoinShares head of research James Butterfill noted
Former Bitmex Chief Expects Bitcoin to Bottom Out Between $30,000 and $35,000
26.1.2024
Former Bitmex CEO Arthur Hayes has predicted that bitcoin will find a support level between $30,000 and $35,000. He contends that the ongoing bitcoin selloff is not due to outflows from Grayscale’s bitcoin trust (GBTC). “That argument is bogus,” he claimed, adding that...
Bitcoin Spot ETFs Witness Highest Single-Day Outflows as GBTC Continues to Bleed
25.1.2024
Bitcoin spot ETFs have experienced a significant net outflow of $159 million, marking the largest single-day total net outflow since their launch. Data from analytics platform Alpha shows that out of all the spot Bitcoin ETFs, Grayscale ETF (GBTC) has seen the most substantial net outflows, with...
GBTC ETF Sees Another $515M in Outflows as Bitcoin Price Remains Below $40k
24.1.2024
GBTC has reported another $515 million in outflows on January 23, taking the total outflows to $3.4 billion since its conversion to spot ETF earlier this month. Nine other recently approved spot Bitcoin ETFs recorded a total of $249 million in inflows. Bitcoin lost all of its gains since...