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#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.
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 (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
- 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
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
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.
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.
Fidelity's FBTC beat Grauscale's GBTC by equity
Starting from the launch of #ETFvsBTC on January 11, 2024, the fund #gbtc from Grauscale was recognized as the constant leader in capital outflow. Because of this, it even lost its status as the world's largest exchange-traded fund that tracks the dynamics of BTC. However, over the past few days the situation has changed. According to the analytical platform FarSide, four out of five days of trading #BTCETFSPOT funds recorded withdrawals. On Monday, the total outflow amounted to $64.9 million, on Tuesday - $200.4 million, on Thursday - $226.2 million, on Friday - $189.9 million. And only Wednesday, June 12, became an exception. On this day, the capital inflow in #ETFs exceeded $100.8 million. It is interesting that GBTC from Grauscale lost its status as the leader in capital outflow on Thursday and Friday. These days, $61.5 million and $52.3 million were withdrawn from the fund, respectively. Then, the outflow of funds from FBTC from Fidelity amounted to $106.4 million on Thursday and $80.1 million on Friday. This is the first time that the Fidelita fund has received negative results for two days in a row. Against the backdrop of almost a week of outflows from ETFs, Bitcoin fell to $66,000, which was the lowest price this month.#BTC $BTC $BNB $ETH
#gbtc #blast #SHIB/𝗨𝗦𝗗𝗧
Coin Circle Information
U.S. Treasury Department Releases 2025 Crypto Tax System
Pudgy Penguins' Parent Company Acquires Web3 Creator Platform Frame to Build New Layer 2
Consensys Sued, U.S. SEC Takes Staking Again
Farcaster Launches In-App USDC Payment Function
U.S. Judge Allows SEC to Continue Most of the Lawsuits against Binance
Blast Launches Governance System and Launches First Proposal of "Enabling Points for BLAST Holders"
Coinbase Applies to List SHIB, LINK, AVAX, XLM and DOT Futures Contracts
CryptoQuant Research Director: Bitcoin Miner Capitulation Indicator Is Equivalent to December 2022 Levels
Ethereum Network Gas Drops to 1 Gwei.
Yesterday GBTC Net Outflow of $27.2 Million
Aperture Finance Token APTR Has Been Listed on Bybit Earn, staking APR up to 50%
Jupiter Lianchuang: DAO will vote on JUP supply reduction in July, there may be LFG Launchpad
Coin Circle Information
U.S. Treasury Department Releases 2025 Crypto Tax System
Pudgy Penguins' Parent Company Acquires Web3 Creator Platform Frame to Build New Layer 2
Consensys Sued, U.S. SEC Takes Staking Again
Farcaster Launches In-App USDC Payment Function
U.S. Judge Allows SEC to Continue Most of the Lawsuits against Binance
Blast Launches Governance System and Launches First Proposal of "Enabling Points for BLAST Holders"
Coinbase Applies to List SHIB, LINK, AVAX, XLM and DOT Futures Contracts
CryptoQuant Research Director: Bitcoin Miner Capitulation Indicator Is Equivalent to December 2022 Levels
Ethereum Network Gas Drops to 1 Gwei.
Yesterday GBTC Net Outflow of $27.2 Million
Aperture Finance Token APTR Has Been Listed on Bybit Earn, staking APR up to 50%
Jupiter Lianchuang: DAO will vote on JUP supply reduction in July, there may be LFG Launchpad
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、
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、
📊 Summary of US Bitcoin Spot ETF Data on July 8
According to data, on July 8, Eastern Time, the total net inflow of US Bitcoin Spot ETF was US$295 million.
🔹 Grayscale ETF GBTC
Single-day net inflow: US$25.0753 million Historical net outflow: US$18.578 billion
🔹 BlackRock ETF IBIT
Single-day net inflow: US$187 million Historical total net inflow: US$17.926 billion
🔹 Fidelity ETF FBTC
Single-day net inflow: US$61.5378 million Historical total net inflow: US$9.422 billion
As of press time, the total net asset value of US Bitcoin Spot ETF is US$49.32 billion, and the ETF net asset ratio (market value to total Bitcoin market value) is 4.45%, and the historical cumulative net inflow has reached US$15.058 billion.
#BTC☀ #etf以太坊 #gbtc #ibit #FBTC $BTC $ETH $ETC
According to data, on July 8, Eastern Time, the total net inflow of US Bitcoin Spot ETF was US$295 million.
🔹 Grayscale ETF GBTC
Single-day net inflow: US$25.0753 million Historical net outflow: US$18.578 billion
🔹 BlackRock ETF IBIT
Single-day net inflow: US$187 million Historical total net inflow: US$17.926 billion
🔹 Fidelity ETF FBTC
Single-day net inflow: US$61.5378 million Historical total net inflow: US$9.422 billion
As of press time, the total net asset value of US Bitcoin Spot ETF is US$49.32 billion, and the ETF net asset ratio (market value to total Bitcoin market value) is 4.45%, and the historical cumulative net inflow has reached US$15.058 billion.
#BTC☀ #etf以太坊 #gbtc #ibit #FBTC $BTC $ETH $ETC
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.
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.
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
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
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
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 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🔥🔥🔥🔥
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🔥🔥🔥🔥
Bitcoin ETF Market Sees $1.4B Surge in Three Days, BlackRock's Leads the Charge
#Bitcoin❗ ETF Market Sees $1.4B Surge in Three Days, BlackRock's Leads the Charge
As the crypto market recovers, the #BitcoinETF💰💰💰 market is performing really well with the cumulative net inflow for the 11 #BitcoinETFs recording 459 million dollars on October 16. The cumulative net inflow over the past 193 days has hit $20 billion. Apart from the grayscale #gbtc , the total net cumulative inflow jumps to $40 billion. In the past three days of trading, the ETFs have brought in nearly 1.4 billion dollars. The biggest Bitcoin ETF in the market, BlackRock’s IBIT, has added 11,331 Bitcoin ETFs worth $762 million, which hits a total of 380,971 Bitcoins worth $25.7 billion. This accounts for almost 33% of all US spot $BTC
ETF holdings.
#MemeCoinTrending
As the crypto market recovers, the #BitcoinETF💰💰💰 market is performing really well with the cumulative net inflow for the 11 #BitcoinETFs recording 459 million dollars on October 16. The cumulative net inflow over the past 193 days has hit $20 billion. Apart from the grayscale #gbtc , the total net cumulative inflow jumps to $40 billion. In the past three days of trading, the ETFs have brought in nearly 1.4 billion dollars. The biggest Bitcoin ETF in the market, BlackRock’s IBIT, has added 11,331 Bitcoin ETFs worth $762 million, which hits a total of 380,971 Bitcoins worth $25.7 billion. This accounts for almost 33% of all US spot $BTC
ETF holdings.
#MemeCoinTrending
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
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
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
📈 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
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
🔥🔥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…
🤔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…
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