GBTC

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🔥🔥🔥🔥

📈 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

📊 As the spot #BitcoinETFs settle into more normal trading, #gbtc has lost #Dominance in volumes.

At the start, GBTC accounted for over half of the daily volumes across #ETFs but now accounts for ~30% and was trumped by $IBIT last week 🚀

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I guess Barry (#gbtc ) might ruin the setups. This is absurd at this point. So many setups have been ruined due to gbtc selling.

GBTC still has $BTC worth more than 22 billions 😳📉📉📉📉

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It's Been Quite A Wild Ride In The Markets Recently.

Many Were Waiting For A Market Dip To Buy More Of Their Favourite #altcoins But Instead What Did We Get‼️

A Surprising 20-25% Pump In $BTC Over Past Three Days😀

This Unexpected Surge Definitely Changed The Entire Market Sentiment📍

But I Personally Will Not Ape Into Anything Just Yet🙏

Why? 👀

It's Still Entirely Possible For The Market To Turn Around & Touch The 25K Area One More Time💯

Either Way Aping Right Now Won't Guarantee You 100s Of Thousands Of Dollars Instantly

It's Best To Have Patience Before Jumping Into Investing Right Now👍

There Are Many Quality New Projects That Have Been Working Diligently During The Bear Market And Are Yet To Launch👀

So Stick To Your Plan & Continue Dollar Cost Averaging (DCA) Into Top Projects

Avoid #fomo In Something Mid-Way Just Because You Believe The Markets Are About To Take Off📈

And The Most Important👇

Keep Accumulating As Much Cash As You Can To Capitalise On Opportunities When They Come.🤑

Take It Easy, Stay Informed And Make Well Thought Out Decisions.🤝

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#BinanceSquare #etf #gbtc

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.

#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.

#BTCETFS have achieved 16 consecutive business days of net inflows.

Yesterday (June 4th, Eastern Time), U.S. Bitcoin spot ETFs saw a total net inflow of $887 million, bringing the historical cumulative net inflow to $14.849 billion.

#gbtc #btc70k $BTC #IBTC

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[Breaking news] GBTC negative premium has shrunk to -8.6%, which is “the most likely indicator related to the probability of Bitcoin ETF approval”

- This is the lowest level on record in recent years and negative premiums have not been this close to zero since July 2021.
-Premium deduction at the end of last year was -50%
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$BTC $ETH $BNB

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

#Graysacle Bitcoin trust (GBTC) Witnesses Slowing Withdrawal Volumes:

Over the past few days, Grayscale’s Bitcoin Trust (GBTC) has shown a notable decline in withdrawal volumes, indicating a potential shift in investor sentiment. According to data from #BITMEX Research, on Feb. 23, #gbtc experienced withdrawals amounting to $44.2 million, marking the lowest daily volume since its transition on Jan. 11 from an over-the-counter product to an exchange-traded fund (ETF).
The trend of decreasing outflows is evident when examining the data from January onwards. By the end of January, GBTC had reported total withdrawals of $5.64 billion, with a substantial $640 million leaving on Jan. 22 alone. As February progresses, the pace of outflows has continued to slow, with a total of $1.8 billion withdrawn so far this month. Since its inception, GBTC has seen a total withdrawal of $7.4 billion.
This slowdown in withdrawals may suggest a stabilization or even a potential reversal in investor sentiment towards GBTC. It could signify a shift in strategy among investors, with some choosing to hold onto their positions rather than liquidating them. Additionally, it may reflect a growing confidence in Bitcoin and cryptocurrency markets as a whole, prompting investors to reconsider their withdrawal decisions.
While it’s essential to monitor the situation closely for further developments, the recent data indicates a notable shift in GBTC’s withdrawal patterns, potentially signaling changing dynamics within the cryptocurrency investment landscape.
#Write2Earn #TrendingTopic $BTC

The decline of #Bitcoin continues: less than $40,000 seen – What is causing the hemorrhage? What about liquidations?

Looking at the overall picture, it was noted that the price of $BTC decreased by around 5% in the last 24 hours.

The situation is no different on the altcoin side, and many altcoins have seen declines at similar rates to Bitcoin.

The reason for this decline lies in the releases of Grayscale's $GBTC product and therefore the significant amount of sales of #BTC . In today's developments, it was revealed that the bankrupt FTX management has sold approximately $1 billion worth of BTC since GBTC became a spot ETF.

Grayscale's #gbtc now has 563,000 BTC after the sale, compared to 613,000 BTC before the spot ETF.

On the liquidation side, with the recent declines, a total of $65 million in liquidation has taken place in the cryptocurrency market in the last hour. Of these, $63 million was in long positions and $2 million was in short positions.

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#BTCETFSPOT

What Bitcoin's Rise and Genesis' $1.6 Billion GBTC Sale Mean? 🤔💰

This week, Bitcoin's price has reached heights reminiscent of the 2021 bull run, but a shadow of uncertainty looms over the crypto market. Genesis, a subsidiary of Digital Currency Group, recently gained approval to sell $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares to repay creditors. Let's break down the situation.

Genesis, tied to the collapse of Three Arrows Capital, filed for bankruptcy a year ago, freezing customer withdrawals post-FTX's demise in 2022.

A U.S. bankruptcy judge granted Genesis permission to sell $1.6 billion in GBTC shares. Bloomberg's James Seyffart estimates at least $1.4 billion worth of GBTC shares have been sold.

Experts, including Seyffart, believe Bitcoin's price may not suffer significantly due to Genesis' sell-off. Bloomberg's ETF expert, Eric Balchunas, notes the resilience of Bitcoin ETFs, minimizing the risk of a major sell-off.

In January, the SEC approved 10 spot Bitcoin ETFs after a decade of denials. These ETFs showcase high liquidity and resilience, according to Arkham Intelligence’s CEO, Miguel Morel.

Julio Moreno, head of research at CryptoQuant, suggests that increased Bitcoin demand from ETFs could offset selling pressure. CryptoQuant data indicates relatively low unrealized profits for short-term Bitcoin holders, implying low selling pressure.

Despite concerns about Genesis' GBTC sale, experts remain cautiously optimistic. The strength of Bitcoin ETFs and market resilience are seen as mitigating factors, with the overall sentiment suggesting the market may absorb the selling pressure without a significant downturn. Stay tuned as the crypto landscape continues to evolve.

#JulioMoreno #CryptoQuant #gbtc #BTC #GRAYSCALE

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

#3friends View
1. #Grayscale #gbtc Fund outflow of $16.1 million:
2. The UK will hold a general election on July 4, and the Conservative Party may lose power;
3. The asset management company modified its #ETF file;
4. Joseph Lubin expects Ethereum ETF application to be approved;
5. $BTC has a pin-down phenomenon,
6. US lawmakers require SEC-FINRA to provide Prometheum $ETH custody records;
7. The US Securities and Exchange Commission submits proposed rule changes:
8. US stocks closed down;
9. Artificial intelligence token prices rose:
10. Bitcoin prices are ready for greater volatility.