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Fidelity’s FBTC Gains Ground, Absorbing Over 1,000 BTC Amid Wednesday’s $123M Inflow

U.S. spot bitcoin exchange-traded funds (ETFs) garnered $123.7 million in positive inflows during Wednesday’s trading. Grayscale’s Bitcoin Trust (GBTC) experienced a decline in its bitcoin holdings, decreasing from 318,451.70 to…

Continue ReadingFidelity’s FBTC Gains Ground, Absorbing Over 1,000 BTC Amid Wednesday’s $123M Inflow

US Spot Bitcoin ETFs Record $19.4 Million in Outflows, GBTC Holdings Decline

U.S. spot bitcoin exchange-traded funds (ETFs) experienced another round of net withdrawals, documenting a $19.4 million decrease. The holdings of GBTC diminished from 322,697.17 bitcoins to 318,451.70. U.S. Spot Bitcoin…

Continue ReadingUS Spot Bitcoin ETFs Record $19.4 Million in Outflows, GBTC Holdings Decline

GBTC Drops Nearly 3,000 BTC in a Day as Blackrock, Fidelity Command Record Inflow Streaks

Recent market data highlights that spot bitcoin exchange-traded funds (ETFs) in the United States experienced a net outflow of $223.8 million on April 8, while Grayscale’s Bitcoin Trust (GBTC) saw…

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Genesis Sells Grayscale Shares, Buys $2.17 Billion in Bitcoin for Customer Reimbursement

Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041…

Continue ReadingGenesis Sells Grayscale Shares, Buys $2.17 Billion in Bitcoin for Customer Reimbursement

ETF Analyst Comments on ARKB Outflows: A Reality Check for Crypto’s Hodler Class

In a modest yet positive development, U.S. spot bitcoin exchange-traded funds (ETFs) saw a net inflow of $39.5 million, even as the ETF ARKB experienced a substantial outflow of $87.5…

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US Bitcoin ETFs See $85.7M Outflow After 4 Days of Gains; Grayscale’s GBTC Leads the Dip

After four days of consecutive inflows, the U.S. spot bitcoin exchange-traded funds (ETFs) experienced a downturn, with $85.7 million flowing out during Monday’s trading hours. U.S. Spot Bitcoin ETFs’ Momentum…

Continue ReadingUS Bitcoin ETFs See $85.7M Outflow After 4 Days of Gains; Grayscale’s GBTC Leads the Dip

From Peak to Present: GBTC’s Bitcoin Holdings Decrease by 266,827 BTC in 71 Days

As of March 22, the bitcoin holdings of Grayscale’s Bitcoin Trust (GBTC) have diminished by 27,917.37 compared to its status three days prior, now amounting to 350,252 bitcoin valued at…

Continue ReadingFrom Peak to Present: GBTC’s Bitcoin Holdings Decrease by 266,827 BTC in 71 Days

GBTC Experiences Its Largest Daily Drain Yet, Nearly 239,000 BTC Gone in Under 70 Days  

According to the latest statistics, Grayscale’s Bitcoin Trust (GBTC) experienced its most significant outflow on March 18, 2024, totaling $643 million. Onchain experts have closely observed GBTC’s activities as a…

Continue ReadingGBTC Experiences Its Largest Daily Drain Yet, Nearly 239,000 BTC Gone in Under 70 Days  

Email Shows Digital Currency Group and Gemini Explored Merger Before Genesis Bankruptcy

In an email found within the motion by Digital Currency Group (DCG) and Barry Silbert to dismiss the lawsuit initiated by the New York Attorney General, discussions of a potential…

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