gbtc

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

#GRAYSCALE - the renowned #bitcoinetf giant has introduced the Dynamic Income Fund.

The Grayscale Dynamic Income Fund (GDIF) will hold assets of 9 blockchains: Aptos, Celestia, Coinbase Staked Ethereum, Cosmos, Near, Osmosis, Polkadot, SEI Network and Solana.

The primary objective of the #GDIF is to distribute rewards in US dollars on a quarterly basis. Grayscale aims to capitalize on the potential of crypto staking, a process where users can earn rewards by participating in network validation activities.

While the cryptocurrency market experiences record highs, Grayscale's flagship product, the #gbtc ETF, has faced significant outflows. Since its conversion to an ETF on January 11, 2024, GBTC has seen a 33% reduction in #BTC holdings, amounting to record outflows of $9.266 billion. Reasons include high fees, competition from cheaper alternatives, and the sale of stakes by bankrupt cryptocurrency companies.

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.

BNB: Native Binance Token
$BNB $BTC $ETH
With the beginning of Binance exchange in 2017, BNB token was issues as Initial Coin Offering.
Key Points:
👉 BNB was in the beginning an ethereum token but today it is native token of Binance Blockchain.
👉 Binance burns some tokens to keep a balance every quarter.
👉 BNB was a utility token for discounted trading but today it has varied applications.

#etf
#gbtc
#fomo
💥 follow and comment to get crypto box

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

$BTC

Exclusive revelation!

GBTC outflows plummeted, hitting a new low in March, only $27.2 million!

GBTC outflows hit a new low

📉 Outflows:

This week's outflows: $27.2 million
Set a record: the lowest level in three months

📊 Comparison data:

Compared with the average weekly outflow: more than 95% lower
Since early June: the lowest point (previously $5.7 million)

Grayscale Bitcoin Trust (GBTC) hit a three-month low of $27.2 million this week, far below its average weekly outflows and reaching its lowest point since early June.

#gbtc #BTC☀ #BTC走势预测 #比特币年底能否突破10万美元？ #美国大选如何影响加密产业？

Spot Bitcoin ETF purchased 535,000 Bitcoins in 74 trading days

Spot Bitcoin ETF purchased 535,000 Bitcoins (worth about $36 billion) in 74 trading days. GBTC conversion to ETF experienced a large number of redemptions. $BTC $ETH #gbtc #ETH（以太坊）

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

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

Bitcoin (BTC) Remains Strongest Asset for Institutions: MicroStrategy's Michael Saylor Shows
A recent data sheet provided by Michael Saylor, a renowned advocate for Bitcoin and the CEO of MicroStrategy, further underscores the dominance of digital gold over other assets.

A meticulous glance at the asset class total returns sheet, spanning from 2011 to 2023, showcases Bitcoin's exceptional performance. In almost every year since 2011, Bitcoin has outperformed other traditional investment vehicles. While there have been moments of volatility and dips in the crypto market, BTC has showcased resilience and an upward trajectory that no other asset class can parallel.

Its cumulative return from 2011-2023 is a jaw-dropping 1,120,785%, with an annualized return of 147.5%. These numbers are staggering, especially when compared to other asset classes like the U.S. Nasdaq 100 or U.S. Large Caps, which, though solid performers, lag significantly behind Bitcoin's return rate.

Another insightful dimension to this conversation is MicroStrategy's Bitcoin portfolio. From the provided tracker, it is evident that MicroStrategy, under Saylor's leadership, has been bullish on Bitcoin. The firm's current holdings stand at an impressive 158,245 BTC, valued at approximately $5.43 billion. Their portfolio indicates strategic purchases, capitalizing on Bitcoin's dips, and subsequently leveraging its surges. Such a sizable investment from a major institution serves as testament to the increasing faith in Bitcoin's long-term potential and its role as a store of value. The data also depicts MicroStrategy's approach to Bitcoin as one of consistent accumulation. The green purchase markers on the graph illustrate a pattern of buying the dips, signifying a long-term bullish stance on the cryptocurrency. This conviction in Bitcoin is further reflected in the company's total dollar cost average and the present market price of Bitcoin, indicating healthy returns on their investments.

#BTC #Meme #etf #gbtc #gbtc

#3friends View
1. #Grayscale #gbtc Fund outflow of $16.1 million:
2. The UK will hold a general election on July 4, and the Conservative Party may lose power;
3. The asset management company modified its #ETF file;
4. Joseph Lubin expects Ethereum ETF application to be approved;
5. $BTC has a pin-down phenomenon,
6. US lawmakers require SEC-FINRA to provide Prometheum $ETH custody records;
7. The US Securities and Exchange Commission submits proposed rule changes:
8. US stocks closed down;
9. Artificial intelligence token prices rose:
10. Bitcoin prices are ready for greater volatility.

BlackRock IBIT's trading volume reached $1.24 billion, while Grayscale GBTC's trading volume was $526 million.
According to news on April 17, the trading volume data of Bitcoin spot ETFs on April 16 are as follows:
BlackRock IBIT: $1.24 billion
Grayscale GBTC: $526 million
Fidelity FBTC: $421 million
ProShares BITO: $273 million
ARKB: $97 million
BITB: $79.81 million
#gbtc #比特币 #FBTC #ARKB

The decline of #Bitcoin continues: less than $40,000 seen – What is causing the hemorrhage? What about liquidations?

Looking at the overall picture, it was noted that the price of $BTC decreased by around 5% in the last 24 hours.

The situation is no different on the altcoin side, and many altcoins have seen declines at similar rates to Bitcoin.

The reason for this decline lies in the releases of Grayscale's $GBTC product and therefore the significant amount of sales of #BTC . In today's developments, it was revealed that the bankrupt FTX management has sold approximately $1 billion worth of BTC since GBTC became a spot ETF.

Grayscale's #gbtc now has 563,000 BTC after the sale, compared to 613,000 BTC before the spot ETF.

On the liquidation side, with the recent declines, a total of $65 million in liquidation has taken place in the cryptocurrency market in the last hour. Of these, $63 million was in long positions and $2 million was in short positions.

PS: Don't forget if you can give me a small tip to support me and encourage me to continue and thank you.

#BTCETFSPOT

#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

After the U.S. stock market opens tonight, the ETF custody address will have a net inflow of about 476 BTC

On April 23, a total of eleven spot Bitcoin ETFs attracted a net inflow of $31.64 million. This means that after the U.S. stock market opens tonight, the ETF custody address will have a net inflow of about 476 Bitcoins.

The specific situation is as follows:

Outflow: Grayscale (GBTC), Invesco (BTCO), VanEck (HODL) outflowed about 1,039 Bitcoins (corresponding to an outflow of $69.09 million on April 23).

Inflow: The remaining eight ETFs inflowed about 1,515 Bitcoins (corresponding to an inflow of $100.73 million on April 23).

As of now, these eleven spot Bitcoin ETFs hold a total of 839,317 BTC (worth $55.78 billion). $BTC #gbtc #hodl #BTC

BlackRock IBIT had a trading volume of $661 million on April 23, while Grayscale GBTC had a volume of $224 million.

On April 23, the trading volume of Bitcoin spot ETFs was as follows:

BlackRock IBIT: $661 million

Grayscale GBTC: $224 million

Fidelity FBTC: $233 million

ProShares BITO: $170 million

ARKB: $61.53 million

BITB: $60.51 million
$BTC #gbtc #FBTC #ProShares #bitb

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

🔥🔥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…

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