GRAYSCALE
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$BTC
šØ Major Bitcoin Movement Alert! šØ**
**Grayscale Bitcoin Trust (GBTC)** just transferred **9,645 BTC** (worth **$911.3M**) **4 hours ago!** š°š
### **š Key Details:**
- **Amount Moved:** 9,645 BTC
- **Value:** $911.3 Million
- **Time:** 4 hours ago
- **From:** Grayscale Bitcoin Trust (GBTC)
### **š¤ What Does This Mean?**
- **Possible Selling Pressure?** Large BTC movements from GBTC often raise concerns about potential sell-offs.
- **Market Impact?** Could influence Bitcoinās price if dumped on exchanges.
- **Institutional Activity?** Might signal rebalancing or institutional adjustments.
### **š Stay Tuned for Updates!**
Will this trigger a **#Bitcoin** dip or just a routine transfer? Letās watch the market! š
**š Follow for more crypto updates!** š #CryptoNews #BTC #Grayscale
šØ Major Bitcoin Movement Alert! šØ**
**Grayscale Bitcoin Trust (GBTC)** just transferred **9,645 BTC** (worth **$911.3M**) **4 hours ago!** š°š
### **š Key Details:**
- **Amount Moved:** 9,645 BTC
- **Value:** $911.3 Million
- **Time:** 4 hours ago
- **From:** Grayscale Bitcoin Trust (GBTC)
### **š¤ What Does This Mean?**
- **Possible Selling Pressure?** Large BTC movements from GBTC often raise concerns about potential sell-offs.
- **Market Impact?** Could influence Bitcoinās price if dumped on exchanges.
- **Institutional Activity?** Might signal rebalancing or institutional adjustments.
### **š Stay Tuned for Updates!**
Will this trigger a **#Bitcoin** dip or just a routine transfer? Letās watch the market! š
**š Follow for more crypto updates!** š #CryptoNews #BTC #Grayscale
#Bitcoin ETF Sees Record Inflows as $BTC Price Targets $96K
US Bitcoin ETF is on fire again with $BTC soaring to $95,000 on Tuesday and setting its sights on the $96,000 mark.
Whatās more, an exciting time is ahead for crypto enthusiasts as analysts are bullish about more upside for digital gold in the coming days.
On Monday and Tuesday, the inflow into Bitcoin ETF stood at $591M and $172.8M, respectively.
With BTC now hovering around 50% up year-to-date, markets are cautiously hoping for a breakout past the $96K mark.
Since last week, the surge in Bitcoinās price has been accompanied by significant inflows. US Spot BTC ETFs have seen hundreds of millions of dollars in inflows recently, bringing total inflows to a record $39 billion since early 2025.
BlackRockās iShares Bitcoin Trust (IBIT) led the inflows on Tuesday with $216 million, while all the other funds witnessed either negative or zero inflows.
On average, nine of the ten U.S. spot ETFs have seen positive inflows in the last 20 days.
Grayscaleās Bitcoin ETF GBTC has seen a modest $69.9 million outflow, continuing its slow bleed post-conversion, as per the data from Farside Investors.
#BTC #bitcoin #inflows #Grayscale
US Bitcoin ETF is on fire again with $BTC soaring to $95,000 on Tuesday and setting its sights on the $96,000 mark.
Whatās more, an exciting time is ahead for crypto enthusiasts as analysts are bullish about more upside for digital gold in the coming days.
On Monday and Tuesday, the inflow into Bitcoin ETF stood at $591M and $172.8M, respectively.
With BTC now hovering around 50% up year-to-date, markets are cautiously hoping for a breakout past the $96K mark.
Since last week, the surge in Bitcoinās price has been accompanied by significant inflows. US Spot BTC ETFs have seen hundreds of millions of dollars in inflows recently, bringing total inflows to a record $39 billion since early 2025.
BlackRockās iShares Bitcoin Trust (IBIT) led the inflows on Tuesday with $216 million, while all the other funds witnessed either negative or zero inflows.
On average, nine of the ten U.S. spot ETFs have seen positive inflows in the last 20 days.
Grayscaleās Bitcoin ETF GBTC has seen a modest $69.9 million outflow, continuing its slow bleed post-conversion, as per the data from Farside Investors.
#BTC #bitcoin #inflows #Grayscale
Nasdaq Files S-1 For 21Shares Dogecoin ($DOGE ) ETF With SEC
Nasdaq has submitted an S-1 form for the 21Shares Dogecoin ETF with the US Securities and Exchange Commission (SEC).
This move officially kicks off the approval process, with the Commission having to decide whether or not to approve the fund, which will provide institutional investors access to the top meme coin.
A Nasdaq filing has revealed that the exchange has submitted an application to the US SEC to list and trade the 21Shares Dogecoin ETF. This move is significant, as the S-1 filing officially begins the approval process.
The SEC will then move to publish the filing in the Federal Register and ask for public comments on the filing before it decides to approve or deny.
It is worth mentioning that asset manager 21Shares had earlier this month filed the 19b-4 form for its DOGE ETF.
This move showed the firmās intention to offer investors exposure to the largest meme coin by market cap.
Besides 21Shares, Grayscale, and Bitwise have also filed to offer a Dogecoin ETF, providing a bullish outlook for the DOGE price, which could surge as institutional investors invest in the meme coin.
More asset managers are expected to file for a DOGE ETF as interest in the meme coin picks up.
#DogeETF #DOGE #NASDAQ #SEC #Grayscale
Nasdaq has submitted an S-1 form for the 21Shares Dogecoin ETF with the US Securities and Exchange Commission (SEC).
This move officially kicks off the approval process, with the Commission having to decide whether or not to approve the fund, which will provide institutional investors access to the top meme coin.
A Nasdaq filing has revealed that the exchange has submitted an application to the US SEC to list and trade the 21Shares Dogecoin ETF. This move is significant, as the S-1 filing officially begins the approval process.
The SEC will then move to publish the filing in the Federal Register and ask for public comments on the filing before it decides to approve or deny.
It is worth mentioning that asset manager 21Shares had earlier this month filed the 19b-4 form for its DOGE ETF.
This move showed the firmās intention to offer investors exposure to the largest meme coin by market cap.
Besides 21Shares, Grayscale, and Bitwise have also filed to offer a Dogecoin ETF, providing a bullish outlook for the DOGE price, which could surge as institutional investors invest in the meme coin.
More asset managers are expected to file for a DOGE ETF as interest in the meme coin picks up.
#DogeETF #DOGE #NASDAQ #SEC #Grayscale
$DOGE ) ETF With SEC
Nasdaq has submitted an S-1 form for the 21Shares Dogecoin ETF with the US Securities and Exchange Commission (SEC).
DOGE
0.17873
+0.49%
This move officially kicks off the approval process, with the Commission having to decide whether or not to approve the fund, which will provide institutional investors access to the top meme coin.
A Nasdaq filing has revealed that the exchange has submitted an application to the US SEC to list and trade the 21Shares Dogecoin ETF. This move is significant, as the S-1 filing officially begins the approval process.
The SEC will then move to publish the filing in the Federal Register and ask for public comments on the filing before it decides to approve or deny.
It is worth mentioning that asset manager 21Shares had earlier this month filed the 19b-4 form for its DOGE ETF.
This move showed the firmās intention to offer investors exposure to the largest meme coin by market cap.
Besides 21Shares, Grayscale, and Bitwise have also filed to offer a Dogecoin ETF, providing a bullish outlook for the DOGE price, which could surge as institutional investors invest in the meme coin.
More asset managers are expected to file for a DOGE ETF as interest in the meme coin picks up.
#DogeETF #DOGE #NASDAQ #SEC #Grayscale
Nasdaq has submitted an S-1 form for the 21Shares Dogecoin ETF with the US Securities and Exchange Commission (SEC).
DOGE
0.17873
+0.49%
This move officially kicks off the approval process, with the Commission having to decide whether or not to approve the fund, which will provide institutional investors access to the top meme coin.
A Nasdaq filing has revealed that the exchange has submitted an application to the US SEC to list and trade the 21Shares Dogecoin ETF. This move is significant, as the S-1 filing officially begins the approval process.
The SEC will then move to publish the filing in the Federal Register and ask for public comments on the filing before it decides to approve or deny.
It is worth mentioning that asset manager 21Shares had earlier this month filed the 19b-4 form for its DOGE ETF.
This move showed the firmās intention to offer investors exposure to the largest meme coin by market cap.
Besides 21Shares, Grayscale, and Bitwise have also filed to offer a Dogecoin ETF, providing a bullish outlook for the DOGE price, which could surge as institutional investors invest in the meme coin.
More asset managers are expected to file for a DOGE ETF as interest in the meme coin picks up.
#DogeETF #DOGE #NASDAQ #SEC #Grayscale
BREAKING: Grayscaleās GBTC is STILL the King of Bitcoin ETFs!
ā¢ 16 months after Bitcoin ETF launch
ā¢ GBTC generates $268M+ annual revenue
ā¢ ALL other Bitcoin ETFs combined? Only $211M
(Source: Bloomberg)
Even with new giants like BlackRockās IBIT and Fidelityās FBTC, GBTCās dominance continues ā thanks to massive liquidity, brand trust, and institutional flow. š¦
BUTā¦ thereās a risk:
ā¢ GBTCās fee remains ~1.5% ā far higher than competitors.
ā¢ Low-fee ETFs are growing fast. ā”
Is GBTCās dominance temporary or are they about to lower fees?
The Bitcoin ETF war is just getting started. š„
Do you still prefer GBTC over newer ETFs? Comment below! šš»
#bitcoin #etf #CryptoMarkets #Grayscale #gbtc
ā¢ 16 months after Bitcoin ETF launch
ā¢ GBTC generates $268M+ annual revenue
ā¢ ALL other Bitcoin ETFs combined? Only $211M
(Source: Bloomberg)
Even with new giants like BlackRockās IBIT and Fidelityās FBTC, GBTCās dominance continues ā thanks to massive liquidity, brand trust, and institutional flow. š¦
BUTā¦ thereās a risk:
ā¢ GBTCās fee remains ~1.5% ā far higher than competitors.
ā¢ Low-fee ETFs are growing fast. ā”
Is GBTCās dominance temporary or are they about to lower fees?
The Bitcoin ETF war is just getting started. š„
Do you still prefer GBTC over newer ETFs? Comment below! šš»
#bitcoin #etf #CryptoMarkets #Grayscale #gbtc
šØšØ #Grayscale šØ$BTC šØšØ
šØ NEW: Grayscaleās GBTC Still Leading the Pack
Even 16 months after spot Bitcoin ETFs hit the market, Grayscaleās GBTC is still dominating revenue generation ā pulling in over $268 million in implied annual revenue.
To put it into perspective: all other Bitcoin ETFs combined bring in around $211 million ā GBTC alone beats them!
---
š But Itās Not All Smooth Sailing
GBTC has suffered some major outflows, with investors moving toward lower-fee options like BlackRockās IBIT and Fidelityās FBTC.
GBTCās high 1.5% management fee is still much steeper than competitors charging just 0.20%-0.25%, making it less attractive for cost-conscious investors.
Its Assets Under Management (AUM) have dropped from $29 billion to about $13.65 billion since January!
---
š Signs of a Comeback?
On May 3, GBTC finally recorded its first net inflow (about $63 million) since it was converted into a spot ETF ā showing some investors might still believe in Grayscaleās brand and strategy.
Plus, Grayscale is planning a new, lower-fee Bitcoin Mini Trust ETF to stay competitive against the likes of BlackRock and Fidelity.
---
š Why It Matters:
This shows brand loyalty and first-mover advantage still count for a lot in crypto investing.
But high fees are becoming harder to justify, even for big names like Grayscale.
The Bitcoin ETF race isnāt just about who launched first anymore ā itās about cost, trust, and innovation.
---
š Quick GBTC Snapshot:
Current Price: ~$75.34
Change Today: +1.4%
Market Sentiment: Stabilizing after a rough few months.
šØ NEW: Grayscaleās GBTC Still Leading the Pack
Even 16 months after spot Bitcoin ETFs hit the market, Grayscaleās GBTC is still dominating revenue generation ā pulling in over $268 million in implied annual revenue.
To put it into perspective: all other Bitcoin ETFs combined bring in around $211 million ā GBTC alone beats them!
---
š But Itās Not All Smooth Sailing
GBTC has suffered some major outflows, with investors moving toward lower-fee options like BlackRockās IBIT and Fidelityās FBTC.
GBTCās high 1.5% management fee is still much steeper than competitors charging just 0.20%-0.25%, making it less attractive for cost-conscious investors.
Its Assets Under Management (AUM) have dropped from $29 billion to about $13.65 billion since January!
---
š Signs of a Comeback?
On May 3, GBTC finally recorded its first net inflow (about $63 million) since it was converted into a spot ETF ā showing some investors might still believe in Grayscaleās brand and strategy.
Plus, Grayscale is planning a new, lower-fee Bitcoin Mini Trust ETF to stay competitive against the likes of BlackRock and Fidelity.
---
š Why It Matters:
This shows brand loyalty and first-mover advantage still count for a lot in crypto investing.
But high fees are becoming harder to justify, even for big names like Grayscale.
The Bitcoin ETF race isnāt just about who launched first anymore ā itās about cost, trust, and innovation.
---
š Quick GBTC Snapshot:
Current Price: ~$75.34
Change Today: +1.4%
Market Sentiment: Stabilizing after a rough few months.
CRYPTOCURRENCY ETFs OVERVIEW (7D)
#iShares #FidelityWiseOrigin #Grayscale #ARK21Shares
Total Assets under management: $120.26B
Total Net Flow: + $484.10M
#iShares #FidelityWiseOrigin #Grayscale #ARK21Shares
Total Assets under management: $120.26B
Total Net Flow: + $484.10M
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š Grayscale Launches Bitcoin ETF Adopters (BCOR)
Grayscale has just launched a new ETF called the Bitcoin Adopters ETF (ticker: BCOR) aimed at reaching investors interested in companies that apply Bitcoin-related strategies in their financial operations, rather than simply holding or mining Bitcoin.
#bitcoin #Grayscale #etf
Grayscale has just launched a new ETF called the Bitcoin Adopters ETF (ticker: BCOR) aimed at reaching investors interested in companies that apply Bitcoin-related strategies in their financial operations, rather than simply holding or mining Bitcoin.
#bitcoin #Grayscale #etf
š $SUI on a Tear! Grayscale Bullish - Can the Rally Last?
š SUI is surging, up over 50% this week!
š Asset management giant Grayscale has highlighted the strong use cases of the Sui Network, adding fuel to the bullish momentum.
š Can this rally be sustained, or is a pullback on the horizon? What are your thoughts on SUI's potential?
#SuiNetwork #Grayscale #Crypto #DeFi
š SUI is surging, up over 50% this week!
š Asset management giant Grayscale has highlighted the strong use cases of the Sui Network, adding fuel to the bullish momentum.
š Can this rally be sustained, or is a pullback on the horizon? What are your thoughts on SUI's potential?
#SuiNetwork #Grayscale #Crypto #DeFi
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Grayscale Still Leads Bitcoin Spot ETF Revenue in the U.S.: Are High Fees a Concern?
Grayscale Bitcoin Trust (GBTC) continues to hold the leading position in revenue among Bitcoin spot ETFs in the U.S., despite significant capital outflows since early 2024. With a fee of 1.5%, GBTC generates superior revenue compared to its competitors, but is this model sustainable in the long term? Let's analyze in detail.
GBTC Leads Revenue: $268.5 Million Per Year
According to data from Coinglass, #GBTC from Grayscale generates $268.5 million in revenue per year with a fee of 1.5%, applied to $17.9 billion in assets under management. This figure far exceeds the total revenue of $211.8 million from all other Bitcoin spot ETFs in the U.S. (managing a total of $89 billion). Nate Geraci, President of ETF Store, commented on X: 'GBTC makes more money than all other ETFs combined, and it is not even close.'
GBTC Leads Revenue: $268.5 Million Per Year
According to data from Coinglass, #GBTC from Grayscale generates $268.5 million in revenue per year with a fee of 1.5%, applied to $17.9 billion in assets under management. This figure far exceeds the total revenue of $211.8 million from all other Bitcoin spot ETFs in the U.S. (managing a total of $89 billion). Nate Geraci, President of ETF Store, commented on X: 'GBTC makes more money than all other ETFs combined, and it is not even close.'
Polkadot ETFs Developments
1. #SEC Review of Spot Polkadot ETF Applications:
#Grayscale : Grayscale, a large digital asset manager, has applied to convert its Polkadot Trust into a spot Polkadot ETF. The SEC has extended its review period for this application, with a new deadline set for June 11, 2025.
21Shares: Nasdaq has filed to list a spot Polkadot #ETF from 21Shares. The SEC is also reviewing this application.
Canary Capital: Canary Capital has a proposal for a spot HBAR (Hedera) ETF under review, with the decision also delayed until June 11, 2025.
#Polkadot #DOTUSD
1. #SEC Review of Spot Polkadot ETF Applications:
#Grayscale : Grayscale, a large digital asset manager, has applied to convert its Polkadot Trust into a spot Polkadot ETF. The SEC has extended its review period for this application, with a new deadline set for June 11, 2025.
21Shares: Nasdaq has filed to list a spot Polkadot #ETF from 21Shares. The SEC is also reviewing this application.
Canary Capital: Canary Capital has a proposal for a spot HBAR (Hedera) ETF under review, with the decision also delayed until June 11, 2025.
#Polkadot #DOTUSD
The SEC postpones decisions on multiple crypto ETF proposals, including those tied to Polkadot $DOT, Hedera $HBAR and a dual $BTC / $ETH fund from Bitwise.
Decision postponed until..
June 10 - Bitwise's Bitcoin/Ethereum
June 11 - Grayscale's Polkadot & Canary's Hedera
#bitcoin #eth #hedera #Grayscale
Decision postponed until..
June 10 - Bitwise's Bitcoin/Ethereum
June 11 - Grayscale's Polkadot & Canary's Hedera
#bitcoin #eth #hedera #Grayscale
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Attention, Binance community! We are unraveling the intrigues surrounding Ethereum Pectra already!
$ETH The last weeks have thrown a shadow of confusion on Ethereum ($ETH ). Rumors of delays are spreading across the network, causing many investors to become anxious. But do not rush to conclusions! Let's clearly delineate the main events.
šš¤¤š The main šsurprise: #pectra is approaching!
š¹ Remember this date: May 7, 2025, at 10:05 AM Hong Kong time. This is when an important network update #Ethereum called Pectra will take place! This is not just a "cosmetic repair," but a serious upgrade that will make Ethereum more powerful and efficient.
šš¤¤š The main šsurprise: #pectra is approaching!
š¹ Remember this date: May 7, 2025, at 10:05 AM Hong Kong time. This is when an important network update #Ethereum called Pectra will take place! This is not just a "cosmetic repair," but a serious upgrade that will make Ethereum more powerful and efficient.
CRYPTOCURRENCY ETFs OVERVIEW (30D)
#iShares #FidelityWiseOrigin #ARK21Shares #Grayscale
Total Assets under management: $116.52B
Total Net Flow: + $505.50M
#iShares #FidelityWiseOrigin #ARK21Shares #Grayscale
Total Assets under management: $116.52B
Total Net Flow: + $505.50M
CRYPTOCURRENCY ETFs OVERVIEW (30D)
#iShares #FidelityWiseOrigin #Grayscale #ARK21Shares
Total Assets under management: $110.19B
Total Net Flow: + $951.50M
#iShares #FidelityWiseOrigin #Grayscale #ARK21Shares
Total Assets under management: $110.19B
Total Net Flow: + $951.50M
Current price of $ENA is $ $0.29 ā
Book big profit with me š°
Expecting 5x profit soon. š«”
ENA massive bullish falling wedge pattern š
It's lagging because of ETH underperformance.
I think ENA could rally towards $0.32-$0.34 in the coming weeks, which will kickstart the next big run. š
Waiting for $ETH breakout š
Ethena will release the claiming portal for its S3 airdrop in the next 10 days. š
#Grayscale Research updates its top 20 crypto assets for Q1 2025, adding included $ENA š
Trading analysis i will share with all my prime members soon. š¶
DYOR NFA š
@Aman Sai ā
Book big profit with me š°
Expecting 5x profit soon. š«”
ENA massive bullish falling wedge pattern š
It's lagging because of ETH underperformance.
I think ENA could rally towards $0.32-$0.34 in the coming weeks, which will kickstart the next big run. š
Waiting for $ETH breakout š
Ethena will release the claiming portal for its S3 airdrop in the next 10 days. š
#Grayscale Research updates its top 20 crypto assets for Q1 2025, adding included $ENA š
Trading analysis i will share with all my prime members soon. š¶
DYOR NFA š
@Aman Sai ā
Grayscale AI Fund
Grayscale has announced that its Decentralized AI Fund is now open to eligible accredited investors, focusing on the intersection of AI and crypto. The current holdings include: NEAR (24.54%), TAO (27.18%), RENDER (22.75%), FIL (17.26%), GRT (8.27%), and LPT. The fund has a management fee of 2.5% and currently manages approximately $1.05 million in assets. #Grayscale #bitcoin #newscrypto #crypto #TAO
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šŖ¬#Grayscale launched a cryptocurrency AI fund:
šÆļøCrypto giant Grayscale has introduced a new institutional fund focused on projects in the field of decentralized AI governanceš”
š”ļøFund composition:
$TAO
$NEAR
#RNDR
$FIL
#GRT
ā”ļøā”ļøā”ļøā”ļøā”ļøā”ļøā”ļø
šÆļøCrypto giant Grayscale has introduced a new institutional fund focused on projects in the field of decentralized AI governanceš”
š”ļøFund composition:
$TAO
$NEAR
#RNDR
$FIL
#GRT
ā”ļøā”ļøā”ļøā”ļøā”ļøā”ļøā”ļø
See original
Recent news about the massive purchases of #Bitcoin by #Grayscale #ETF and #ARK #Invest shows the strong confidence of institutions in this Crypto asset.
Recent Purchase Details:
1. ARK Invest ( CathieWood ) bought $116 million of Bitcoin through its ETF ( ARKB ).
2. Grayscale Bitcoin Trust ( GBTC ) also accumulated $70 million worth of BTC.
Recent Purchase Details:
1. ARK Invest ( CathieWood ) bought $116 million of Bitcoin through its ETF ( ARKB ).
2. Grayscale Bitcoin Trust ( GBTC ) also accumulated $70 million worth of BTC.
#CathieWood ās $ARK #BitcoinETF has record $87M outflow, surpassing GBTC
Today marked the second consecutive day of outflows from ARK 21Sharesā spot Bitcoin ETF, Cathie Wood's ARK 21 Shares Bitcoin exchange-traded fund (ETF), witnessing more than $87 million in daily outflows. This marks the first instance where the fund experienced larger daily outflows compared to Grayscaleās Bitcoin Trust (GBTC) since the launch of spot Bitcoin ETFs in the United States.
Preliminary data from Farside Investors indicates that the outflow from Ark 21Shares fund (ARKB) amounted to $87.5 million on April 2, approximately equivalent to 1,300 BTC. Notably, this follows the fund's loss of $300,000 in assets on its inaugural day of outflows on April 1.
#grayscale , which has consistently posted outflows every trading day since its transition to a spot ETF, reported another daily outflow of $81.9 million. Despite this, it was a comparatively low outflow day for GBTC, which has seen an average outflow of $254 million per day over the past five trading days, resulting in a total outflow of approximately $15.1 billion in the last three months.
However, a $150.5 million inflow for BlackRock's fund contributed to a net aggregate inflow of $40.3 million for the day, despite the outflows from ARKB and GBTC.
Although ARKB experienced two consecutive days of outflows, it remains the third-largest among the ten newly launched spot ETFs, excluding Grayscale, with assets under management (AUM) totaling $2.2 billion.
ARKB trails behind BlackRockās and Fidelityās funds, which command AUMs of $14.1 billion and $7.6 billion, respectively. Additionally, ARKB ranks as the sixth-largest holder of BTC among funds, corporations, and miners, currently holding a total of 44,662 BTC on its books, according to data from HODL15Capital.
Despite GBTC shedding a significant 291,000 Bitcoin since its ETF conversion, it continues to lead in terms of total Bitcoin held, with approximately 329,000 Bitcoin held at the time of publication.
Source - cointelegraph.com
#CryptoNewsšš°š« #BinanceSquareTalks
Today marked the second consecutive day of outflows from ARK 21Sharesā spot Bitcoin ETF, Cathie Wood's ARK 21 Shares Bitcoin exchange-traded fund (ETF), witnessing more than $87 million in daily outflows. This marks the first instance where the fund experienced larger daily outflows compared to Grayscaleās Bitcoin Trust (GBTC) since the launch of spot Bitcoin ETFs in the United States.
Preliminary data from Farside Investors indicates that the outflow from Ark 21Shares fund (ARKB) amounted to $87.5 million on April 2, approximately equivalent to 1,300 BTC. Notably, this follows the fund's loss of $300,000 in assets on its inaugural day of outflows on April 1.
#grayscale , which has consistently posted outflows every trading day since its transition to a spot ETF, reported another daily outflow of $81.9 million. Despite this, it was a comparatively low outflow day for GBTC, which has seen an average outflow of $254 million per day over the past five trading days, resulting in a total outflow of approximately $15.1 billion in the last three months.
However, a $150.5 million inflow for BlackRock's fund contributed to a net aggregate inflow of $40.3 million for the day, despite the outflows from ARKB and GBTC.
Although ARKB experienced two consecutive days of outflows, it remains the third-largest among the ten newly launched spot ETFs, excluding Grayscale, with assets under management (AUM) totaling $2.2 billion.
ARKB trails behind BlackRockās and Fidelityās funds, which command AUMs of $14.1 billion and $7.6 billion, respectively. Additionally, ARKB ranks as the sixth-largest holder of BTC among funds, corporations, and miners, currently holding a total of 44,662 BTC on its books, according to data from HODL15Capital.
Despite GBTC shedding a significant 291,000 Bitcoin since its ETF conversion, it continues to lead in terms of total Bitcoin held, with approximately 329,000 Bitcoin held at the time of publication.
Source - cointelegraph.com
#CryptoNewsšš°š« #BinanceSquareTalks
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