gbtc

📈 US Bitcoin ETFs Experience Strong Inflows Led by #BlackRock

US Bitcoin ETFs have seen a five-day streak of positive inflows, totaling $246 million. Notably, BlackRock's iShares Bitcoin Trust (IBIT) stands out, pulling in $184 million on Wednesday alone. 🚀

Despite a tumultuous market, investor confidence in Bitcoin ETFs appears to be growing. While BlackRock dominates the scene, other funds like Bitwise’s #BitcoinETFs (BITB) managed to attract only $2 million, with significant outflows from Fidelity’s $BTC Fund ($33 million) and ARK Invest’s ETF ($47 million). 💰

👀 The shift in investor preferences suggests a move towards larger, more established funds, as seen with IBIT's substantial gains compared to the struggles of #grayscale ’s Bitcoin Trust (GBTC), which has lost over $20 billion since converting to an #ETF✅ .

#gbtc

Bitcoin briefly fell below $63,000:

According to the latest data, the capital flows of US spot Bitcoin and Ethereum ETFs on September 23 are as follows:

Spot Bitcoin ETF:
GBTC (Grayscale Bitcoin Trust) had a net outflow of $40.3 million. BTC had a net inflow of $8.4 million. ARKB (Ark Bitcoin ETF) had no capital flows.

Spot Ethereum ETF:
ETHE (Grayscale Ethereum Trust) had a net outflow of $80.6 million. Neither ETH nor CETH had any inflows or outflows.

Although Bitcoin briefly fell below $63,000, ETF capital flows show that different capital parties have different operating strategies on Bitcoin and Ethereum, which may bring further volatility to the market.

#BTC☀ #etf以太坊 #gbtc #ARKB #ETH🔥🔥🔥🔥

Recent data from #Bloomberg shows a significant shift in #BitcoinETFs! Grayscale's #gbtc faced over $4 billion in outflows in just 8 days post-SEC's approval of new ETFs, while rivals like BlackRock's #IBIT and Fidelity's #FBTC saw nearly $5 billion inflows. This trend signals a changing investor preference in the Bitcoin ETF market. $BTC

Leading up to the approval of spot #ETFs in January, speculation surged, leading Long-Term Holders ( #LTH ) to either cash out for profit or reallocate their holdings into new #ETFs. products.

This resulted in a significant decrease in LTH supply balance by approximately 299.5K #BTC since November, from a peak of 14.996M BTC. Notably, analysis of #gbtc flows, with around 661k BTC inflow and 151.5K #BTC outflows in 2021, suggests that remaining LTH supply, totaling 148K #BTC, is being spent by investors.

This trend aligns with previous research indicating LTHs begin distributing their holdings as the market approaches all-time high prices.

#Write2Earn #The_Bitcoinbull

by @Bitcoin Bull

Will crypto boom in 2024?

We predict a bullish long-term future for Bitcoin, especially with the upcoming Bitcoin halving in mid-2024—which has historically been a major catalyst for crypto bull runs—but investors may need to be patient in the meantime.
And, if it is, then massive gains are on the horizon. “According to this, bitcoin could be heading to $1 million by the end of 2025 leading into 2026,” Tung said.
$BTC #gbtc #etf #BTC #ilupredictor

BREAKING: Bank of America Greenlights Crypto for Wealth Clients 🚀

Starting in January, Bank of America’s wealth management advisors can officially recommend a 1% to 4% portfolio allocation to crypto assets.

Key Details:
•Initially focusing on spot Bitcoin ETFs: BlackRock’s IBIT, Fidelity’s FBTC, Bitwise’s BITB, and Grayscale’s GBTC.
•A major policy shift—advisors were previously barred from recommending crypto.
•Follows Vanguard’s reversal yesterday, aligning BofA with giants like BlackRock and Morgan Stanley.
•Increases pressure on holdouts like Wells Fargo, Goldman Sachs, and UBS.

Why It Matters:
One of the largest U.S. banks is now formally guiding its private wealth clients into crypto. This signals deepening institutional adoption and provides a structured, conservative entry point for high-net-worth investors.

“For investors comfortable with elevated volatility, a modest 1% to 4% in digital assets could be appropriate.” — Bank of America CIO

The walls between traditional finance and crypto continue to fall.

#Bitcoin #Crypto #BankOfAmerica #BTC #BitcoinETF #InstitutionalCrypto #Finance #Investing #BlackRock #Fidelity #GBTC #Adoption
$BTC

What Bitcoin's Rise and Genesis' $1.6 Billion GBTC Sale Mean? 🤔💰

This week, Bitcoin's price has reached heights reminiscent of the 2021 bull run, but a shadow of uncertainty looms over the crypto market. Genesis, a subsidiary of Digital Currency Group, recently gained approval to sell $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares to repay creditors. Let's break down the situation.

Genesis, tied to the collapse of Three Arrows Capital, filed for bankruptcy a year ago, freezing customer withdrawals post-FTX's demise in 2022.

A U.S. bankruptcy judge granted Genesis permission to sell $1.6 billion in GBTC shares. Bloomberg's James Seyffart estimates at least $1.4 billion worth of GBTC shares have been sold.

Experts, including Seyffart, believe Bitcoin's price may not suffer significantly due to Genesis' sell-off. Bloomberg's ETF expert, Eric Balchunas, notes the resilience of Bitcoin ETFs, minimizing the risk of a major sell-off.

In January, the SEC approved 10 spot Bitcoin ETFs after a decade of denials. These ETFs showcase high liquidity and resilience, according to Arkham Intelligence’s CEO, Miguel Morel.

Julio Moreno, head of research at CryptoQuant, suggests that increased Bitcoin demand from ETFs could offset selling pressure. CryptoQuant data indicates relatively low unrealized profits for short-term Bitcoin holders, implying low selling pressure.

Despite concerns about Genesis' GBTC sale, experts remain cautiously optimistic. The strength of Bitcoin ETFs and market resilience are seen as mitigating factors, with the overall sentiment suggesting the market may absorb the selling pressure without a significant downturn. Stay tuned as the crypto landscape continues to evolve.

#JulioMoreno #CryptoQuant #gbtc #BTC #GRAYSCALE

This copy lead trader , didn’t closed any trade in loss
Have a look #DeFiChallenge #BinanceSquare #gbtc #etf $BNB $XRP #

#Graysacle Bitcoin trust (GBTC) Witnesses Slowing Withdrawal Volumes:

Over the past few days, Grayscale’s Bitcoin Trust (GBTC) has shown a notable decline in withdrawal volumes, indicating a potential shift in investor sentiment. According to data from #BITMEX Research, on Feb. 23, #gbtc experienced withdrawals amounting to $44.2 million, marking the lowest daily volume since its transition on Jan. 11 from an over-the-counter product to an exchange-traded fund (ETF).
The trend of decreasing outflows is evident when examining the data from January onwards. By the end of January, GBTC had reported total withdrawals of $5.64 billion, with a substantial $640 million leaving on Jan. 22 alone. As February progresses, the pace of outflows has continued to slow, with a total of $1.8 billion withdrawn so far this month. Since its inception, GBTC has seen a total withdrawal of $7.4 billion.
This slowdown in withdrawals may suggest a stabilization or even a potential reversal in investor sentiment towards GBTC. It could signify a shift in strategy among investors, with some choosing to hold onto their positions rather than liquidating them. Additionally, it may reflect a growing confidence in Bitcoin and cryptocurrency markets as a whole, prompting investors to reconsider their withdrawal decisions.
While it’s essential to monitor the situation closely for further developments, the recent data indicates a notable shift in GBTC’s withdrawal patterns, potentially signaling changing dynamics within the cryptocurrency investment landscape.
#Write2Earn #TrendingTopic $BTC

It's Been Quite A Wild Ride In The Markets Recently.

Many Were Waiting For A Market Dip To Buy More Of Their Favourite #altcoins But Instead What Did We Get‼️

A Surprising 20-25% Pump In $BTC Over Past Three Days😀

This Unexpected Surge Definitely Changed The Entire Market Sentiment📍

But I Personally Will Not Ape Into Anything Just Yet🙏

Why? 👀

It's Still Entirely Possible For The Market To Turn Around & Touch The 25K Area One More Time💯

Either Way Aping Right Now Won't Guarantee You 100s Of Thousands Of Dollars Instantly

It's Best To Have Patience Before Jumping Into Investing Right Now👍

There Are Many Quality New Projects That Have Been Working Diligently During The Bear Market And Are Yet To Launch👀

So Stick To Your Plan & Continue Dollar Cost Averaging (DCA) Into Top Projects

Avoid #fomo In Something Mid-Way Just Because You Believe The Markets Are About To Take Off📈

And The Most Important👇

Keep Accumulating As Much Cash As You Can To Capitalise On Opportunities When They Come.🤑

Take It Easy, Stay Informed And Make Well Thought Out Decisions.🤝

$ETH $BNB

#BinanceSquare #etf #gbtc

🔥🔥Interesting Fact🔴🔴

🤔DID ONE WHALE CAUSE BITCOIN’S 15% CRASH⁉️

- While most are attributing #Bitcoin  ’s price slump to #ETF approval proving a ‘sell-the-news’ event, on-chain analyst @jvs_btc thinks there’s another reason…

- He believes that mass sell-pressure from a single whale wallet, that foolishly bought $BTC at nearly $50,000 could have been behind the price tank…

“This is why (in my opinion) on Jan. 12, Bitcoin had its largest 1-day drawdown since the FTX collapse and tanked after the ETF started trading”, wrote Van Straten

✍️The Story…

- The whale in question amassed a staggering stack of more than 100,000 #BTC back in 2021.

- Unfortunately for the whale, they made their purchase at a time when $BTC was worth a full $48,000.

- this mean their stacks amounted to some $4.8 billion at the time.

- As we know, Bitcoin’s price then collapsed to below $17,000 in December 2022.

- This led the whale to quietly #HODL their stacks, no doubt livid at the near 70% unrealized loss they were sitting on.

- Therefore, when #BTC  reached $49,000 just days ago, the chance to exit was too good to pass up.

- Even with the small difference between entry and exit, the holder still made away with some $100 million in profit.

- Nonetheless, their win was the market’s loss, and the sell pressure…

“sent the market into a frenzy, combined with liquidations, "sell the news" and record loss-taking"

- Van Straten puts the story into context, explaining that “ #gbtc has only sold 27k Bitcoin with similar demand”.

- This only serves to make his theory all the more feasible…

The net inflow of funds of US Bitcoin spot ETF yesterday was about 217 million US dollars

The net inflow of funds of US Bitcoin spot ETF yesterday was about 217 million US dollars. Among them, Grayscale GBTC had a net inflow of 3.9 million US dollars, BlackRock's IBIT had an inflow of about 21.5 million US dollars, Fidelity FBTC had a net inflow of about 99.2 million US dollars, Bitwise's BITB had an inflow of about 2.1 million US dollars, Ark 21Shares' ARKB had an inflow of about 75.6 million US dollars, Invesco's BTCO had an inflow of about 11.1 million US dollars, Franklin's EZBC had an inflow of 1.8 million US dollars, and VanEck's HODL had an inflow of about 1.8 million US dollars. $BTC #etf上线 #gbtc #ibit #FBTC

Bitcoin spot ETFs had a total net outflow of $15.6439 million yesterday, and the ETF net asset ratio reached 4.21%

Yesterday (May 7, Eastern Time), Bitcoin spot ETFs had a total net outflow of $15.6439 million. Yesterday, Grayscale ETF GBTC had a single-day net outflow of $28.613 million, and the current historical net outflow of GBTC is $17.487 billion.

The Bitcoin spot ETF with the largest single-day net inflow yesterday was Invesco and Galaxy Digital's ETF BTCO, with a single-day net inflow of $5.9903 million, and the current total historical net inflow of BTCO reached $284 million. The second was Fidelity ETF FBTC, with a single-day net inflow of $4.1394 million, and the current total historical net inflow of FBTC reached $8.134 billion.

As of press time, the total net asset value of the Bitcoin spot ETF is US$52.21 billion, the ETF net asset ratio (market value to the total market value of Bitcoin) is 4.21%, and the historical cumulative net inflow has reached US$11.762 billion.

Bitcoin spot ETFs had a total net outflow of $121 million yesterday, and the ETF net asset ratio reached 4.25%

Yesterday (April 24, Eastern Time), Bitcoin spot ETFs had a total net outflow of $121 million. Among them, Grayscale ETF GBTC had a single-day net outflow of $130 million, bringing GBTC's historical net outflow to $16.963 billion. Fidelity ETF FBTC became the Bitcoin spot ETF with the largest single-day net inflow yesterday, with a net inflow of $5.6069 million, and its historical total net inflow has reached $8.186 billion. Following closely behind is Ark Invest and 21Shares' ETF ARKB, which had a single-day net inflow of $4.1719 million yesterday. Currently, ARKB's historical total net inflow has reached $2.272 billion.

As of press time, the total net asset value of the Bitcoin spot ETF is US$53.65 billion, the ETF net asset ratio (the ratio of market value to the total market value of Bitcoin) is 4.25%, and the historical cumulative net inflow has reached US$12.295 billion.

Grayscale Bitcoin Trust (GBTC) has reduced its Bitcoin holdings by 50% since the launch of the Bitcoin spot ETF.

On April 16, The Block reported that the number of Bitcoins held by Grayscale's Bitcoin Trust (GBTC) has been halved in about three months since the launch of the spot Bitcoin ETF in the United States on January 11. Unlike the nine new ETFs launched by companies such as BlackRock and Fidelity, Grayscale's previous Bitcoin Trust did not start from scratch, but was converted into an ETF. At the beginning of Bitcoin spot trading, GBTC held about 619,220 Bitcoins.

According to information disclosed by GBTC on Monday, its Bitcoin holdings subsequently fell by about 50% to about 311,621, while the fees it charged were much higher than its competitors. For example, GBTC's fee is 1.5%, while BlackRock's IBIT currently charges a fee of 0.12%. However, given the simultaneous rise in Bitcoin prices since the launch of spot ETFs, GBTC's USD-denominated assets under management have fallen less, from $28.7 billion to $19.8 billion on January 11, a drop of 31%.

In terms of market share of Bitcoin holdings, BlackRock's IBIT and Fidelity's FBTC have been the main beneficiaries. Data shows that as of yesterday, GBTC's market share has fallen from 100% on the day of issuance to 37.3%. During this period, IBIT has gained 32.2% of the share, and FBTC ranks third with a share of 17.8%. It is reported that the total assets currently held by all US spot Bitcoin ETFs are close to 840,000 BTC, accounting for more than 4% of the total supply of 21 million Bitcoins. #etf #gbtc #FBTC #ibit #BTC、

- Bitcoin (BTC) remains above $65,000 despite experiencing the highest-ever outflows from the Grayscale Bitcoin Trust (GBTC).

- GBTC outflows reached $643 million on March 18, primarily due to high fees and competition from Bitcoin exchange-traded funds (ETFs).

- Data from investment firm Farside indicates a net outflow from bitcoin ETFs, with the iShares bitcoin ETF (IBIT) seeing the most inflow.

- The launch of bitcoin ETFs earlier this year has led to significant outflows from GBTC, contributing to selling pressure on the price of bitcoin.

- Short-term bitcoin holders taking profit on recent gains also contribute to selling pressure, as noted by CryptoQuant.

- Despite a recent 8.5% decline over the last week, bitcoin remains up 27% over the past 30 days, according to CoinDesk Indices data.

#HotTrends #BTC #gbtc