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MASSIVE $453,000,000 in $ETH #ETF Inflows!
Spot Ether ETFs are on an absolute tear, logging a massive $453 million in inflows and extending their streak to an incredible 16 consecutive days!
BlackRock's ETHA is leading the charge, pulling in a whopping $440.10 million on Friday alone, making it the largest US Ether ETF with $10.69 billion in assets. While Grayscale's ETHE saw some outflows, the overall picture is overwhelmingly positive, with cumulative net inflows for all US spot Ether ETFs now hitting $9.33 billion since their launch.
This consistent inflow, including multiple $300M+ sessions, highlights growing investor confidence in Ether's potential across DeFi, staking, and smart contracts. Experts are even predicting demand for Ether ETPs could reach $20 billion over the next year, outpacing new ETH issuance by nearly seven times! The institutional floodgates are wide open for Ethereum! #BlackRock #Grayscale #EthereumETF
Spot Ether ETFs are on an absolute tear, logging a massive $453 million in inflows and extending their streak to an incredible 16 consecutive days!
BlackRock's ETHA is leading the charge, pulling in a whopping $440.10 million on Friday alone, making it the largest US Ether ETF with $10.69 billion in assets. While Grayscale's ETHE saw some outflows, the overall picture is overwhelmingly positive, with cumulative net inflows for all US spot Ether ETFs now hitting $9.33 billion since their launch.
This consistent inflow, including multiple $300M+ sessions, highlights growing investor confidence in Ether's potential across DeFi, staking, and smart contracts. Experts are even predicting demand for Ether ETPs could reach $20 billion over the next year, outpacing new ETH issuance by nearly seven times! The institutional floodgates are wide open for Ethereum! #BlackRock #Grayscale #EthereumETF
breaking 🚨 Grayscale Makes a Bold Move — 5,953 ETH Worth Over $22M Sent to Coinbase Prime;;;;;
According to fresh on-chain data (via Arkham).. Grayscale has just executed a massive transfer of 5,953 ETH...valued at approximately $22.17 million, directly to Coinbase Prime --and it happened just 16 minutes ago!
🔥 This kind of high-volume shift from a major institutional player like Grayscale often signals strategic repositioning or a potential market shake-up....
👀 Keep your eyes peeled -- big moves like this don’t happen without a reason. reaction from the market might be closer than you think....
#Grayscale
#ETHTransfer
#WhaleAlert
$ETH
$BTC
$XRP
According to fresh on-chain data (via Arkham).. Grayscale has just executed a massive transfer of 5,953 ETH...valued at approximately $22.17 million, directly to Coinbase Prime --and it happened just 16 minutes ago!
🔥 This kind of high-volume shift from a major institutional player like Grayscale often signals strategic repositioning or a potential market shake-up....
👀 Keep your eyes peeled -- big moves like this don’t happen without a reason. reaction from the market might be closer than you think....
#Grayscale
#ETHTransfer
#WhaleAlert
$ETH
$BTC
$XRP
#Wormhole easily 3x from here in coming months also add in #Grayscale Q3 future investment list.
W
Holding
Cumulative PNL
+39.77 USDT
BITCOIN SPOT ETFs WITNESS MASSIVE INFLOWS AND OUTFLOWS AMID MARKET ROTATION
The Bitcoin ETF landscape experienced a dramatic shake-up on July 23, 2025, as investor sentiment swung between bullish conviction and profit-taking. According to data from SoSoValue, total net outflows from Bitcoin spot ETFs reached a substantial $85.96 million, signaling a day of significant portfolio rebalancing across institutions.
Yet, not all ETFs followed the outflow trend. BlackRock’s IBIT ETF led the inflow race, securing a robust $143 million net inflow in a single day — the highest among all competitors. This inflow pushed IBIT’s historical cumulative total to an impressive $57.116 billion, reinforcing its dominance as the most trusted institutional vehicle for Bitcoin exposure.
In a surprising twist, Grayscale’s newly launched Bitcoin Mini Trust (BTC) also posted a positive day, bringing in $10.49 million in net inflows, lifting its total inflow since inception to $1.655 billion — a sign that investors may be seeking smaller, lower-fee alternatives in a crowded market.
On the downside, Fidelity’s FBTC ETF saw the largest single-day outflow of $227 million, despite its strong track record. This brings its cumulative inflow to $12.32 billion, indicating that some large holders may be taking profits or reallocating assets amid market uncertainty.
Overall, the total net asset value (NAV) of all Bitcoin spot ETFs now stands at $153.25 billion, representing 6.53% of Bitcoin’s total market cap — a clear sign of the growing footprint of institutional products in the crypto space. The cumulative historical net inflow across all Bitcoin spot ETFs has now reached $54.465 billion, underscoring the magnitude of institutional participation since the ETF approvals.
🔍 Key Takeaways
• Institutional investors remain active in reallocating BTC exposure
• BlackRock’s IBIT ETF continues to dominate inflows
• Grayscale’s Mini Trust gains traction as a rising contender
• Profit-taking and repositioning likely drive FBTC outflows
• Bitcoin ETFs now account for over 6.5% of total market cap
As volatility persists in both crypto and macroeconomic landscapes, ETF flow dynamics will remain a leading indicator of institutional sentiment and directional bias.
#BitcoinETFs #CryptoMarkets #BlackRock #Grayscale #Fidelity
Yet, not all ETFs followed the outflow trend. BlackRock’s IBIT ETF led the inflow race, securing a robust $143 million net inflow in a single day — the highest among all competitors. This inflow pushed IBIT’s historical cumulative total to an impressive $57.116 billion, reinforcing its dominance as the most trusted institutional vehicle for Bitcoin exposure.
In a surprising twist, Grayscale’s newly launched Bitcoin Mini Trust (BTC) also posted a positive day, bringing in $10.49 million in net inflows, lifting its total inflow since inception to $1.655 billion — a sign that investors may be seeking smaller, lower-fee alternatives in a crowded market.
On the downside, Fidelity’s FBTC ETF saw the largest single-day outflow of $227 million, despite its strong track record. This brings its cumulative inflow to $12.32 billion, indicating that some large holders may be taking profits or reallocating assets amid market uncertainty.
Overall, the total net asset value (NAV) of all Bitcoin spot ETFs now stands at $153.25 billion, representing 6.53% of Bitcoin’s total market cap — a clear sign of the growing footprint of institutional products in the crypto space. The cumulative historical net inflow across all Bitcoin spot ETFs has now reached $54.465 billion, underscoring the magnitude of institutional participation since the ETF approvals.
🔍 Key Takeaways
• Institutional investors remain active in reallocating BTC exposure
• BlackRock’s IBIT ETF continues to dominate inflows
• Grayscale’s Mini Trust gains traction as a rising contender
• Profit-taking and repositioning likely drive FBTC outflows
• Bitcoin ETFs now account for over 6.5% of total market cap
As volatility persists in both crypto and macroeconomic landscapes, ETF flow dynamics will remain a leading indicator of institutional sentiment and directional bias.
#BitcoinETFs #CryptoMarkets #BlackRock #Grayscale #Fidelity
BREAKING:
BLACKROCK, FIDELITY & GRAYSCALE JUST BOUGHT $533.8 MILLION WORTH OF $ETH
#BlackRock #Fidelity #Grayscale #ETH #CryptoMarket
BLACKROCK, FIDELITY & GRAYSCALE JUST BOUGHT $533.8 MILLION WORTH OF $ETH
#BlackRock #Fidelity #Grayscale #ETH #CryptoMarket
🎯 **BNB ETF DECISION: $1,000 OR $500? BET NOW!** 🎯
*Follow for SEC leak alerts*
**CATALYST TIMELINE**:
✅ Aug 15: Grayscale filing decision
✅ Sep 1: BlackRock amendment due
✅ Sep 28: FINAL VERDICT
**BETTING ODDS**:
• Approval: 72% → Price target **$1,100+** :cite[1]
• Rejection: 28% → Crash to **$500 support**
**💥 HEDGE STRAT**:
1. Buy spot BNB + buy Dec 2025 $700 puts
2. Ratio: $10,000 spot → $2,000 puts
3. Profit either way:
- Approval: Spot gains 60%+
- Rejection: Puts 5x-8x
**📊 INSTITUTIONAL FLOW**:
• $128M inflows last week → Biggest since May
• CME futures OI up 37% → Whale positioning :cite[4]
**👇 YOUR MOVE**:
1️⃣ **LIKE** if betting on approval
2️⃣ **TRADE Futures** → Use code "CPA_00KV29SAE8" for fee rebate
3️⃣ **FOLLOW**
$BNB
#etf #Binance #Grayscale #blackRock
*Follow for SEC leak alerts*
**CATALYST TIMELINE**:
✅ Aug 15: Grayscale filing decision
✅ Sep 1: BlackRock amendment due
✅ Sep 28: FINAL VERDICT
**BETTING ODDS**:
• Approval: 72% → Price target **$1,100+** :cite[1]
• Rejection: 28% → Crash to **$500 support**
**💥 HEDGE STRAT**:
1. Buy spot BNB + buy Dec 2025 $700 puts
2. Ratio: $10,000 spot → $2,000 puts
3. Profit either way:
- Approval: Spot gains 60%+
- Rejection: Puts 5x-8x
**📊 INSTITUTIONAL FLOW**:
• $128M inflows last week → Biggest since May
• CME futures OI up 37% → Whale positioning :cite[4]
**👇 YOUR MOVE**:
1️⃣ **LIKE** if betting on approval
2️⃣ **TRADE Futures** → Use code "CPA_00KV29SAE8" for fee rebate
3️⃣ **FOLLOW**
$BNB
#etf #Binance #Grayscale #blackRock
📈 Cardano ($ADA ) Shines Bright: Grayscale Highlights 21.9% Weekly Surge
Cardano (ADA) has been making waves in the crypto market, earning recognition from Grayscale as the 3rd largest gainer among the top 10 crypto assets, with an impressive 21.9% increase over the past 7 days. This surge brings ADA to a 20-week high of $0.89, signaling renewed investor confidence.
Institutional interest is also on the rise. Grayscale has increased ADA's allocation to 18.5% in its Smart Contract Platform Fund, positioning it as the third-largest holding behind Ethereum (ETH) and Solana (SOL). This move underscores Grayscale's bullish outlook on Cardano's potential.
Looking ahead, the Cardano community is optimistic about upcoming upgrades such as Ouroboros Leios and the Hydra Layer 2 solution, which aim to enhance scalability and transaction throughput. These developments could further strengthen ADA's position in the market.
With growing institutional support and promising technological advancements, Cardano is poised to continue its upward trajectory.
👉 If you want to stay updated on the latest crypto insights, don’t forget to follow me!
#ADA #Cardano #Grayscale
Cardano (ADA) has been making waves in the crypto market, earning recognition from Grayscale as the 3rd largest gainer among the top 10 crypto assets, with an impressive 21.9% increase over the past 7 days. This surge brings ADA to a 20-week high of $0.89, signaling renewed investor confidence.
Institutional interest is also on the rise. Grayscale has increased ADA's allocation to 18.5% in its Smart Contract Platform Fund, positioning it as the third-largest holding behind Ethereum (ETH) and Solana (SOL). This move underscores Grayscale's bullish outlook on Cardano's potential.
Looking ahead, the Cardano community is optimistic about upcoming upgrades such as Ouroboros Leios and the Hydra Layer 2 solution, which aim to enhance scalability and transaction throughput. These developments could further strengthen ADA's position in the market.
With growing institutional support and promising technological advancements, Cardano is poised to continue its upward trajectory.
👉 If you want to stay updated on the latest crypto insights, don’t forget to follow me!
#ADA #Cardano #Grayscale
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Preparing for a rise like Spark coin. Grayscale's inflow of money and interest continues. In my opinion, it is at least 10 times below where it deserves to be.
YTD
#SpaceandTimen
#SXT2025
#Spark
#ETH
#Grayscale
YTD
#SpaceandTimen
#SXT2025
#Spark
#ETH
#Grayscale
💼 Grayscale Eyes IPO Move #grayscale #CryptoIPO #shortvideo #ETHBreaks3700 #BinanceHODLerC $BTC $ETH $XRP
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The price of Ethereum soared and surpassed USD 3700: what to expect in the coming days?
**Ethereum $ETH
reaches its annual maximum driven by key factors**
Over the weekend, the price of Ethereum (ETH) marked a new record for the year by exceeding $3,700, thanks to a combination of institutional, technical, and regulatory elements.
On Saturday morning, ETH reached $3,737, a value not seen since March. This rise not only represents a solid recovery for the second most relevant cryptocurrency in the market but also reinforces its appeal among institutional investors.
EL CRYPTOBROH:
altseason? jajajajah 🤣 🤣 🤣 🤡 🤡 🤡
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Analyst Explained: “Bitcoin Has Stepped Aside, Now the Stage is for Ethereum! From Now On, Every Drop in ETH is an Opportunity!”
While Ethereum continues its rise rapidly, popular analyst Michael van de Poppe argued that the momentum Ethereum gained after testing multiple resistances could push its price up to $4,000, last seen in December.
Additionally, Poppe stated that Ethereum is ready to rise to higher prices, expressing that every drop from now on is a buying opportunity.
“I think Ethereum will move towards $4,000.
So, if there is any correction, it would be great to turn these into opportunities and buy on dips.”
In another post, Poppe pointed out that Ethereum has gained even more value against Bitcoin, and this is a sign that the next phase, namely the altcoin season, is about to begin.
The analyst lastly emphasized that altcoins generally follow the trend of the altcoin leader Ethereum and that altcoins could soon initiate an explosive price movement.
#bitcoin
#ETH
#Grayscale
#SXT2025
#SpaceandTimen
While Ethereum continues its rise rapidly, popular analyst Michael van de Poppe argued that the momentum Ethereum gained after testing multiple resistances could push its price up to $4,000, last seen in December.
Additionally, Poppe stated that Ethereum is ready to rise to higher prices, expressing that every drop from now on is a buying opportunity.
“I think Ethereum will move towards $4,000.
So, if there is any correction, it would be great to turn these into opportunities and buy on dips.”
In another post, Poppe pointed out that Ethereum has gained even more value against Bitcoin, and this is a sign that the next phase, namely the altcoin season, is about to begin.
The analyst lastly emphasized that altcoins generally follow the trend of the altcoin leader Ethereum and that altcoins could soon initiate an explosive price movement.
#bitcoin
#ETH
#Grayscale
#SXT2025
#SpaceandTimen
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Grayscale "secret" submits IPO application to SEC amid Crypto market boom
Grayscale Investments, a major player in the digital asset industry, has quietly submitted registration application #IPO (initial public offering) to the U.S. Securities and Exchange Commission (SEC) in the form of "secret".
Golden timing for Crypto IPO
This move comes amid a euphoric digital asset market: Bitcoin surpassing $121,000 and many major crypto companies like Circle (CRCL) and eToro (ETOR) successfully IPOing with impressive growth. #Grayscale expects to list in 2025, depending on the approval timeline from the SEC.
Grayscale's position and legal impact
Grayscale currently manages over $33 billion in assets with more than 35 investment products, notably the Grayscale Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) that have converted into ETFs. Despite facing withdrawals due to high management fees, Grayscale remains a reputable brand and a "trailblazer" for spot Bitcoin ETFs in the U.S. following the successful lawsuit #SEC .
The timing of Grayscale's IPO is considered more favorable than previous companies, as the market has strong buying momentum and the legal environment is becoming clearer with important legislation being discussed in the U.S. Congress to create a crypto-friendly legal framework.
Grayscale Investments, a major player in the digital asset industry, has quietly submitted registration application #IPO (initial public offering) to the U.S. Securities and Exchange Commission (SEC) in the form of "secret".
Golden timing for Crypto IPO
This move comes amid a euphoric digital asset market: Bitcoin surpassing $121,000 and many major crypto companies like Circle (CRCL) and eToro (ETOR) successfully IPOing with impressive growth. #Grayscale expects to list in 2025, depending on the approval timeline from the SEC.
Grayscale's position and legal impact
Grayscale currently manages over $33 billion in assets with more than 35 investment products, notably the Grayscale Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) that have converted into ETFs. Despite facing withdrawals due to high management fees, Grayscale remains a reputable brand and a "trailblazer" for spot Bitcoin ETFs in the U.S. following the successful lawsuit #SEC .
The timing of Grayscale's IPO is considered more favorable than previous companies, as the market has strong buying momentum and the legal environment is becoming clearer with important legislation being discussed in the U.S. Congress to create a crypto-friendly legal framework.
📈 BTC Spot ETFs Record $297M Net Inflow — BlackRock Dominates
📅 On July 14 (ET), Bitcoin spot ETFs saw
💰 $297M in net inflows
🏆 Top Inflows:
🖤 BlackRock IBIT: +$395M
→ Total historical inflow: $54.799B
🔷 Grayscale BTC Mini Trust: +$12.75M
→ Total inflow: $1.616B
📉 Largest Outflow:
🟡 ARKB (Ark & 21Shares): -$99.57M
→ Still holds a strong $2.94B in total inflow
📊 Current stats:
Total ETF AUM: $153.295B
ETF/Bitcoin market cap ratio: 6.41%
Cumulative net inflow: $52.662B
💬 ETF capital flows remain strong — this bull isn’t over yet.
#Bitcoin #etf #IBIT #Grayscale
📅 On July 14 (ET), Bitcoin spot ETFs saw
💰 $297M in net inflows
🏆 Top Inflows:
🖤 BlackRock IBIT: +$395M
→ Total historical inflow: $54.799B
🔷 Grayscale BTC Mini Trust: +$12.75M
→ Total inflow: $1.616B
📉 Largest Outflow:
🟡 ARKB (Ark & 21Shares): -$99.57M
→ Still holds a strong $2.94B in total inflow
📊 Current stats:
Total ETF AUM: $153.295B
ETF/Bitcoin market cap ratio: 6.41%
Cumulative net inflow: $52.662B
💬 ETF capital flows remain strong — this bull isn’t over yet.
#Bitcoin #etf #IBIT #Grayscale
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Keep your eyes on this coin👀👀
Institutions like Microsoft, Grayscale, and Nvidia are supporting and investing.
There is an incredible amount of whale buying. Grayscale's entry has exceeded 17 million dollars. A very strong rise may come, so it should be closely monitored.
YTD
#bitcoin
#ETH
#Grayscale
#SpaceandTimen
#SXT2025
Institutions like Microsoft, Grayscale, and Nvidia are supporting and investing.
There is an incredible amount of whale buying. Grayscale's entry has exceeded 17 million dollars. A very strong rise may come, so it should be closely monitored.
YTD
#bitcoin
#ETH
#Grayscale
#SpaceandTimen
#SXT2025
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🚨ATTENTION🚨
🚦Since the launch of #ETF Bitcoin spot, #grayscale has been selling over 10,000 BTC per day
🛰A few hours ago Grayscale sent more than $900,000,000 in #Bitcoin to Coinbase.
It looks like they are getting ready to SELL even more! ☄$BTC falls below $40k
Something strange seems to be happening with one of the largest Bitcoin holders (Grayscale), I'll keep you updated!
#Write2Earn $BTC
🚦Since the launch of #ETF Bitcoin spot, #grayscale has been selling over 10,000 BTC per day
🛰A few hours ago Grayscale sent more than $900,000,000 in #Bitcoin to Coinbase.
It looks like they are getting ready to SELL even more! ☄$BTC falls below $40k
Something strange seems to be happening with one of the largest Bitcoin holders (Grayscale), I'll keep you updated!
#Write2Earn $BTC
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⚠️🚨#Binance #coinbase and #JPMorgan #grayscale 🚨⚠️Without satisfying greedy investors and stock markets #Bitcoin Friends, the money will not move to altcoins, it will take some time, they are giving such a different halving ETFs that this is a vampire These have never been seen, look, are you aware that he is buying gem projects for the highest rising ones, Binance and Coinbase, and lifting the ones that have no value into the air, you know, the purpose? There is still liveliness, as I said, dear friends, it will take some time to get real valuable altcoins without satisfying these greedy vampires... $BTC $ETH $OP
Grayscale Research has updated its top 20 crypto assets for Q1 2025, introducing $HYPE, $ENA , $VIRTUAL, $JUP , $JTO , and $GRASS.
This strategic update underscores #Grayscale 's emphasis on emerging opportunities in #defi , decentralised AI, and the Solana ecosystem. For investors, it provides valuable insight into sectors poised for growth and innovation in the coming year.🚀
Read More: https://www.grayscale.com/research/market-commentary/grayscale-research-insights-crypto-sectors-in-q1-2025
This strategic update underscores #Grayscale 's emphasis on emerging opportunities in #defi , decentralised AI, and the Solana ecosystem. For investors, it provides valuable insight into sectors poised for growth and innovation in the coming year.🚀
Read More: https://www.grayscale.com/research/market-commentary/grayscale-research-insights-crypto-sectors-in-q1-2025
#CathieWood ’s $ARK #BitcoinETF has record $87M outflow, surpassing GBTC
Today marked the second consecutive day of outflows from ARK 21Shares’ 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 Grayscale’s 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 BlackRock’s and Fidelity’s 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
#CryptoNews🔒📰🚫 #BinanceSquareTalks
Today marked the second consecutive day of outflows from ARK 21Shares’ 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 Grayscale’s 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 BlackRock’s and Fidelity’s 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
#CryptoNews🔒📰🚫 #BinanceSquareTalks
🚀🚀🚀 #ETFs : Will #Bitcoin hit a fresh all-time high in 2024?
Bitcoin's potential to surpass its previous all-time high (ATH) of nearly $70,000 is fueled by the emergence of exchange-traded funds (ETFs) & the upcoming halving event scheduled for April 2024.
- BTC's Recent Performance:
Bitcoin recently surged to its highest price since 2021, approaching its record peak of $69,000 before a correction. It currently stands above $63,000, driven by significant capital inflows into the global cryptocurrency market.
- Impact of ETFs:
The approval of spot ETFs for Bitcoin in the U.S. has attracted billions of institutional dollars, contributing to its upward trajectory. Out of the 11 approved ETFs, 10 are actively trading & have garnered substantial inflows.
- ETF Holdings:
Nine approved ETFs manage over 300,000 BTC, valued at $17 billion, while #grayscale 's holdings amount to approximately $27.61 billion, totaling around $43 billion worth of Bitcoin.
- BlackRock's Dominance:
#BlackRock , managing assets exceeding $7 billion, leads among ETF operators. Trading volume for its iShares Bitcoin Trust (IBIT) surged on Feb. 28, indicating widespread adoption.
- Halving Event:
Bitcoin's halving, occurring every four years, historically sparks price surges. Analysts predict it could drive Bitcoin to new highs, targeting at least $130,000 by 2024.
- Scarcity Model:
The halving maintains Bitcoin's scarcity, aligning with its deflationary principles by reducing mining rewards from 6.25 to 3.125 BTC per block. This ensures only 21 million $BTC will ever circulate, emphasizing Bitcoin's controlled supply mechanism.
- Market Predictions:
While many expect Bitcoin's price to soar post-halving, some, like JPMorgan, predict a drop to $42,000. The market's response will determine whether #bullish forecasts materialize in 2024.
- Current Status:
As of writing, Bitcoin trades at $63,748, with a market cap exceeding $1.2 trillion. Its future trajectory hinges on factors like ETF adoption & the halving event's impact on supply dynamics.
Source - crypto.news
Bitcoin's potential to surpass its previous all-time high (ATH) of nearly $70,000 is fueled by the emergence of exchange-traded funds (ETFs) & the upcoming halving event scheduled for April 2024.
- BTC's Recent Performance:
Bitcoin recently surged to its highest price since 2021, approaching its record peak of $69,000 before a correction. It currently stands above $63,000, driven by significant capital inflows into the global cryptocurrency market.
- Impact of ETFs:
The approval of spot ETFs for Bitcoin in the U.S. has attracted billions of institutional dollars, contributing to its upward trajectory. Out of the 11 approved ETFs, 10 are actively trading & have garnered substantial inflows.
- ETF Holdings:
Nine approved ETFs manage over 300,000 BTC, valued at $17 billion, while #grayscale 's holdings amount to approximately $27.61 billion, totaling around $43 billion worth of Bitcoin.
- BlackRock's Dominance:
#BlackRock , managing assets exceeding $7 billion, leads among ETF operators. Trading volume for its iShares Bitcoin Trust (IBIT) surged on Feb. 28, indicating widespread adoption.
- Halving Event:
Bitcoin's halving, occurring every four years, historically sparks price surges. Analysts predict it could drive Bitcoin to new highs, targeting at least $130,000 by 2024.
- Scarcity Model:
The halving maintains Bitcoin's scarcity, aligning with its deflationary principles by reducing mining rewards from 6.25 to 3.125 BTC per block. This ensures only 21 million $BTC will ever circulate, emphasizing Bitcoin's controlled supply mechanism.
- Market Predictions:
While many expect Bitcoin's price to soar post-halving, some, like JPMorgan, predict a drop to $42,000. The market's response will determine whether #bullish forecasts materialize in 2024.
- Current Status:
As of writing, Bitcoin trades at $63,748, with a market cap exceeding $1.2 trillion. Its future trajectory hinges on factors like ETF adoption & the halving event's impact on supply dynamics.
Source - crypto.news
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