For the first time since Bitcoin [BTC] ETFs went live, BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB) and Franklin Templeton (EZBC) netted more than Grayscale paid. AMBCrypto collected the data after examining the inflows and outflows of ETFs.
For the most part, Grayscale Bitcoin Trust ETF (GBTC) has dominated volumes. But all these volumes were not input.
In the past weeks, Grayscale had dumped a lot of GBTC. These sales came at the price of Bitcoin, which fell to $39,000 once during the said period. #sanor016CommUNITY #BTC
Analysts suggest that Bitcoin could reach $48,000 or $51,000 before halving, with reduced volatility indicating price stability. Meanwhile, significant accumulation by large institutions points to a potential recovery. #sanor016CommUNITY #BTC $BTC
El Salvador's President Boquele plans to pursue bitcoin-backed bonds, create bitcoin cities and offer passports to cryptocurrency investors if re-elected, according to Reuters. #BTC #sanor016CommUNITY
ARK Invest's 2023 research report highlights Bitcoin's exceptional performance compared to traditional investment assets, with a staggering average annual return of 44% over the past seven years, which is lower than the average of 5.7% for other major assets. The report, published on January 31, looks at the convergence of blockchain technology, artificial intelligence, energy storage and robotics, and devotes a significant portion to Bitcoin portfolio allocation and performance data over the past three years.