GBTC shares jump 5% after first inflow since January
GBTC sees a positive shift with a 5% premarket surge and $63 million inflows, challenging BlackRock's iShares Bitcoin Trust. The post GBTC shares jump 5% after first inflow since January…
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Bernstein’s Bitcoin Price Prediction of $150K Reaffirmed by Analysts
Analysts at investment research firm Bernstein have reaffirmed their prediction that bitcoin (BTC) would hit $150,000 in this bull cycle despite the asset’s retracement in recent weeks. According to a…
Coinbase Q1 Revenue Hit $1.6 Billion Amid ETF Approvals, Surging 72%
Coinbase, the largest U.S. crypto exchange, has released its Q1 2024 earnings report, posting a total revenue of $1.6 billion, a 72% increase quarter on quarter. The performance has been…
Bitcoin hits $63,000 following first-time inflows into Grayscale Bitcoin Trust
Bitcoin surged to $63,000 after Grayscale's GBTC ETF recorded a turnaround with $63 million in new inflows. The post Bitcoin hits $63,000 following first-time inflows into Grayscale Bitcoin Trust appeared…
Kraken’s subsidiary is a quiet giant in Bitcoin ETF growth: Bloomberg
Kraken's subsidiary, CF Benchmarks, manages indexes for roughly $24 billion worth of crypto ETFs, including BlackRock's US-based Bitcoin fund. The post Kraken’s subsidiary is a quiet giant in Bitcoin ETF…
BTC Price Surges Above $59K as Spot Bitcoin ETF Outflows Ease Up
Days after suffering devastating losses that dragged its price to $56,500, bitcoin rebounded on Thursday and during the early hours of Friday. This coincided with a slowdown in outflows from…
Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow
On May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a…
BlackRock’s Spot Bitcoin ETF Sees First Outflows Amid BTC Price Slump
The spot Bitcoin exchange-traded funds (ETFs) in the United States have recently observed a noteworthy trend, marked by a consecutive six-day period of outflows. Notably, BlackRock’s IBIT ETF encountered its…
US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling $635 Million
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $161.6 million in negative outflows. Over the last two days, Grayscale’s…
Hong Kong Spot Bitcoin, Ethereum ETFs Go Live, Issuers Expect Huge Launch Day
Hong Kong is open for business as its bourse now includes spot Bitcoin and the world’s first spot Ethereum ETFs, which went live at 09.30 local time. According to the…
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