JPMorgan suggests that selling pressure in bitcoin caused by profit-taking from the Grayscale Bitcoin Trust may be largely over.
The conversion of GBTC to an ETF has resulted in significant outflows, with around $4.3 billion already leaving the fund.
Bitcoin Bulls Buoyed by Report of FTX's $1B GBTC Sale
Sizable sales from the Grayscale Bitcoin Trust may be partly to blame for bitcoin's poor price performance since the launch of U.S.-based spot ETFs.
The bankruptcy estate for failed crypto exchange FTX sold its entire holding of GBTC for nearly $1 billion, indicating fresh investment into the new spot ETFs.
FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources
Investors have sold over $2 billion of Grayscale Bitcoin Trust (GBTC) since its conversion into an ETF.
FTX's bankruptcy estate sold 22 million GBTC shares, accounting for a significant portion of the exodus.
First Mover Americas: Bitcoin Slips Over 15% Since ETF Approval
Bitcoin price drops and outflows from GBTC following the listing of BTC ETFs
Ether could see a price increase on hopes of a spot ETH ETF listing
Bitcoin at the highest levels since 2021
Bitcoin is trying to maintain the level of $50,000 after rapid gains.
Outflows from the Grayscale Bitcoin Trust (GBTC) are declining while flows into new spot ETFs are increasing.
As spot bitcoin ETF volumes continue to rise, Bitwise Asset Management predicts a high ceiling for growth | TechCrunch
The price of bitcoin has reached $50,000 following the approval of spot bitcoin ETFs by the SEC.
The assets under management of these ETFs total around $28.35 billion, with Grayscale Bitcoin Trust being the largest at $20.27 billion.
JPMorgan suggests that selling pressure in bitcoin caused by profit-taking from the Grayscale Bitcoin Trust may be largely over.
The conversion of GBTC to an ETF has resulted in significant outflows, with around $4.3 billion already leaving the fund.
Bitcoin Bulls Buoyed by Report of FTX's $1B GBTC Sale
Sizable sales from the Grayscale Bitcoin Trust may be partly to blame for bitcoin's poor price performance since the launch of U.S.-based spot ETFs.
The bankruptcy estate for failed crypto exchange FTX sold its entire holding of GBTC for nearly $1 billion, indicating fresh investment into the new spot ETFs.
FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources
Investors have sold over $2 billion of Grayscale Bitcoin Trust (GBTC) since its conversion into an ETF.
FTX's bankruptcy estate sold 22 million GBTC shares, accounting for a significant portion of the exodus.
First Mover Americas: Bitcoin Slips Over 15% Since ETF Approval
Bitcoin price drops and outflows from GBTC following the listing of BTC ETFs
Ether could see a price increase on hopes of a spot ETH ETF listing
Global X Pulls Out of Spot Bitcoin ETF Application
Global X has withdrawn its application for a spot bitcoin ETF on Cboe BZX Exchange.
BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund are leading the race in terms of total flows for ETFs.
GBTC Discount Sinks to Lowest Level in 18 Months as Grayscale Falls Behind in ETF Fee Race
The discount on the Grayscale Bitcoin Trust (GBTC) has reached its lowest level since April 2021 as expectations of a conversion to a spot bitcoin ETF increase.
The discount on GBTC has steadily narrowed as a result of expectations of an ETF approval and rising bitcoin sentiment.
Global X Pulls Out of Spot Bitcoin ETF Application
Global X has withdrawn its application for a spot bitcoin ETF on Cboe BZX Exchange.
BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund are leading the race in terms of total flows for ETFs.
GBTC Discount Sinks to Lowest Level in 18 Months as Grayscale Falls Behind in ETF Fee Race
The discount on the Grayscale Bitcoin Trust (GBTC) has reached its lowest level since April 2021 as expectations of a conversion to a spot bitcoin ETF increase.
The discount on GBTC has steadily narrowed as a result of expectations of an ETF approval and rising bitcoin sentiment.
JPMorgan Sees Significant Capital From Existing Crypto Products Pouring Into New Spot Bitcoin ETFs
J.P. Morgan believes that while the approval of spot bitcoin ETFs may not attract significant fresh capital, there will be a significant rotation of funds from existing crypto products.
The bank expects up to $36 billion to flow into the new spot bitcoin ETFs from other crypto products, with potential outflows from Grayscale Bitcoin Trust and retail investors migrating from digital wallets.
Cathie Wood's ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust
ARK Invest sold $33 million worth of Coinbase stock and $5.9 million worth of Grayscale's Bitcoin Trust shares.
ARK frequently accumulates crypto-related shares at low prices and sells them when they show bullish momentum.
Bitcoin declines at the beginning of the week and tries to consolidate at 37,000
Bitcoin and Ethereum experienced early morning declines, but overall upward momentum in the crypto market remains.
The discount to the Grayscale Bitcoin Trust's net asset value narrowed to a new record low of around 10%.
Investors' open interests in bitcoin futures contracts reached the highest levels since April of last year.
Grayscale Discount Continues to Narrow as Spot Bitcoin, Ether ETF Euphoria Works Through Markets
Bitcoin and ether are trading steady in Asia, supported by narrowing discounts on Grayscale Bitcoin Trust and anticipation for the approval of spot bitcoin and ether ETFs.
Market optimism is high, with investor inflows surpassing $1 billion this year.
U.S. economic data and Federal Reserve communications are expected to influence crypto market trends.
Cathie Wood's ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust
ARK Invest sold $33 million worth of Coinbase stock and $5.9 million worth of Grayscale's Bitcoin Trust shares.
ARK frequently accumulates crypto-related shares at low prices and sells them when they show bullish momentum.
Bitcoin declines at the beginning of the week and tries to consolidate at 37,000
Bitcoin and Ethereum experienced early morning declines, but overall upward momentum in the crypto market remains.
The discount to the Grayscale Bitcoin Trust's net asset value narrowed to a new record low of around 10%.
Investors' open interests in bitcoin futures contracts reached the highest levels since April of last year.
Grayscale Discount Continues to Narrow as Spot Bitcoin, Ether ETF Euphoria Works Through Markets
Bitcoin and ether are trading steady in Asia, supported by narrowing discounts on Grayscale Bitcoin Trust and anticipation for the approval of spot bitcoin and ether ETFs.
Market optimism is high, with investor inflows surpassing $1 billion this year.
U.S. economic data and Federal Reserve communications are expected to influence crypto market trends.