#grayscale-bitcoin-trust
#grayscale-bitcoin-trust

Grayscale's Bitcoin ETF Sees First Inflow After Billions Lost Since January

Grayscale Bitcoin Trust (GBTC) saw net inflows after months of outflows. [ more ]

Coindesk

Grayscale's GBTC Profit Taking Likely Over, Easing Bitcoin Selling Pressure: JPMorgan

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. [ more ]

Coindesk

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. [ more ]

Coindesk

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 [ more ]

Coindesk

Crypto Market Remains Focused on Spot Bitcoin ETF Flows Over Fundamentals: Coinbase

Spot bitcoin ETFs had first net outflows week.

Selling pressure from Genesis Global's bankruptcy estate. [ more ]

ReadWrite

1 month ago

Grayscale's Bitcoin ETF sees $359m daily outflow

Significant withdrawals from Grayscale Bitcoin Trust (GBTC)

Speculation of winding down wave of withdrawals [ more ]

London Business News | Londonlovesbusiness.com

Bitcoin at 46,000 for the first time again since the launch of spot ETFs as sentiment returns

Cryptocurrencies, led by Bitcoin, continue to gain momentum as sentiment gradually returns.

The decline in outflows from the Grayscale Bitcoin Trust (GBTC) and the launch of Bitcoin spot ETFs are contributing to the positive sentiment. [ more ]

TechCrunch

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. [ more ]

Coindesk

Bitcoin Exposed to Possible $1.5B in Future GBTC Sales, JPMorgan Says

Bitcoin has dropped over 15% since the launch of spot ETFs, with $1.5 billion flowing out of the Grayscale Bitcoin Trust (GBTC).

GBTC investors have been taking full profit post-ETF conversion by exiting the bitcoin space entirely rather than shifting to cheaper spot bitcoin ETFs. [ more ]

WSJ

Bitcoin's $29 Billion Hotel California

Grayscale Bitcoin Trust is currently the only direct vehicle for investing in Bitcoin in the U.S. market.

Despite having a higher fee compared to other ETFs, Grayscale Bitcoin Trust could still retain investor money. [ more ]

Coindesk

Bitcoin Wobbles Below $46K, Ether and Grayscale's GBTC Jump as SEC Approves Spot Bitcoin ETFs

Bitcoin price experienced volatility after the SEC approved spot BTC ETFs.

Ether surged past $2,500 as attention shifted to spot-based ether ETF applications. [ more ]

Coindesk

First Mover Americas: Bitcoin Holds Above $46K Amid ETF Anticipation

Bitcoin holds above $46,500 as the ETF race continues, with some analysts expecting SEC to delay approvals for at least 3 months.

BlackRock and VanEck, two firms seeking to launch bitcoin ETFs, received comments from the SEC and updated their filings to address issues related to insolvency and conflict of interest. [ more ]

moreetfs

Coindesk

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. [ more ]

Coindesk

6 months ago

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. [ more ]

London Business News | Londonlovesbusiness.com

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. [ more ]

Coindesk

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. [ more ]

Coindesk

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. [ more ]

Coindesk

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. [ more ]

Coindesk

5 months ago

Cathie Wood's ARK Invest Offloads Nearly $13M Worth of Grayscale Bitcoin Trust Shares

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%. [ more ]

Coindesk

5 months ago

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. [ more ]

London Business News | Londonlovesbusiness.com

6 months ago