#gbtc

#gbtc

BlackRock's IBIT is now the largest spot bitcoin ETF in the U.S.

The BlackRock iShares Bitcoin ETF (IBIT) has reached $2 billion in assets under management (AUM).

Grayscale's GBTC, which converted into a spot ETF, had nearly $30 billion in AUM.

Grayscale sent an additional 9,000 bitcoin to an exchange following the conversion of Grayscale Bitcoin Trust (GBTC) to a spot ETF.

The move resulted in net outflows from GBTC as investors sold for various reasons, including the elimination of the discount to net asset value and lower fees at competing ETFs.

Grayscale's bitcoin fund, GBTC, saw its discount to net asset value (NAV) shrink to 0% following approval to convert into a spot bitcoin exchange-traded fund (ETF).

Franklin Templeton reduced the fee on its bitcoin ETF to 0.19% of net assets, making it the cheapest option among new investment products.

UBS will allow some clients to trade bitcoin ETFs but with certain conditions, including not soliciting these trades and limiting access for accounts with lower risk tolerance.

Grayscale's Bitcoin Trust (GBTC) has moved over 19,000 bitcoin from its wallet, bringing the total to nearly 113,000 BTC since the start of spot bitcoin ETFs.

The outflows from the Grayscale wallet may not all be related to redemption, as some of the BTC is being settled from trading activity for the previous day(s).

Grayscale's CEO expects GBTC fees to decrease over time

GBTC experienced $12 billion in outflows due to high fees

BlackRock's IBIT and ProShares' BITO ETFs have surpassed Grayscale's GBTC in trading volume for bitcoin.

Thursday marked the first time daily ETF volumes for bitcoin were below $1 billion.

Bitcoin exceeds $57,000 level, driven by whale activity and positive spot ETF data.

Massive Bitcoin transfers to non-exchange wallets signal long-term investment intentions, while GBTC outflows decrease.

GBTC's treasury has experienced outflows of over $4 billion since converting to a Spot ETF, while other ETFs have seen inflows of $5.2 billion.

Projected GBTC outflows are expected to be large but bullish for Bitcoin in the medium-term despite recent volatility.

The Grayscale Bitcoin Trust (GBTC) has experienced significant outflows since it converted from a closed-end fund to a Spot ETF.

GBTC outflows are counterintuitively bullish for Bitcoin in the medium-term despite recent downside volatility.

Continued outflows from GBTC may impact Bitcoin price. TON ecosystem partners with HashKey Group for Asia-Pacific expansion. JPMorgan believes ETH ETF approval unlikely in May.

BlackRock's spot Bitcoin ETF is outpacing Grayscale Bitcoin Trust (GBTC) in terms of trading volume for the first time.

This suggests a potential slowdown in outflows for GBTC and a shift in selling pressure on Bitcoin.

Grayscale Bitcoin Trust (GBTC) outflows decreased significantly coinciding with Bitcoin price rebound post US inflation data.

Outflows from GBTC are negative despite stable bitcoin price.

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.

ARK Invest sold $12.85 million worth of GBTC shares, the largest sale in over a year.

ARKW now holds about $112.7 million worth of GBTC, a weighting of 6.95%.