The launch of spot Ethereum ETFs, while long anticipated, encountered a tepid reception from investors, with a net outflow of $341 million in its first week of trading. This contrasts sharply with the success of Bitcoin-backed ETFs, which have seen…
Traditionally, Bitcoin price and spot Bitcoin ETFs flow have a positive correlation. However, the recent movement in Bitcoin’s price shows a divergence in the current market. The drop in Bitcoin’s price to the $60,000 mark and the net inflow of…
Digital asset investment products (Bitcoin spot ETFs) experienced a significant reversal of fortune last week, with CoinShares reporting a total of $600 million in outflows, according to their latest report. This shift is attributed to the recent Federal Open Market…
The battle for supremacy in the U.S. spot Bitcoin ETF market just got spicy. BlackRock’s IBIT has dethroned Grayscale’s Bitcoin Trust ETF (GBTC) in daily trading volume, marking a potential turning point in the young industry. Initially, GBTC reigned supreme,…
Grayscale Bitcoin Trust (GBTC) experienced a significant outflow of approximately $5 billion over an 11-day period since its introduction. Despite the turbulent trading environment in the Bitcoin ETF market during this time, there are signs that it is stabilizing. Remarkably,…
Bitcoin’s recent price tumble may be nearing its end, with signs of stabilization emerging alongside a curious divergence in market activity. While Grayscale’s Bitcoin Trust (GBTC) continues to shed its holdings, the pace of outflows is slowing down, and a…
Grayscale, once the undisputed leader among cryptocurrency investment trusts, is now confronting a significant challenge. Despite obtaining approval for the highly sought-after US Spot Bitcoin ETF, its flagship Grayscale Bitcoin Trust (GBTC) has experienced a notable outflow of $594 million…
In a surprising turn of events, the highly anticipated spot Bitcoin ETFs approval has not led to the expected Bitcoin price surge. Instead, Bitcoin has plummeted by 8.78% since the close of 10 Jan 2024, defying market expectations. This unexpected…
In a pivotal step for the cryptocurrency industry, Grayscale Investments, a subsidiary of Digital Currency Group, has filed form 8-A and securities registration for a US spot Bitcoin ETF with the Securities and Exchange Commission (SEC). This proposed ETF, with…
