bitcoin spot etf – Ƀitsell X

Grayscale’s GBTC Bitcoin ETF Records Inflows For The First Time in 78 Days

May 5, 2024

After a prolonged period of continuous outflows, Grayscale’s Bitcoin Trust exchange-traded fund (ETF) recorded its first day of net positive inflows. According to preliminary data from Farside, on May 3, Grayscale’s Bitcoin Trust (GBTC) witnessed $63 million in net inflows. The positive momentum comes after an approximate $17.5 billion in outflows since the launch of 11 spot Bitcoin ETFs on January 11. Franklin Templeton’s Bitcoin ETF Sees Inflows …
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Hong Kong’s New Spot Bitcoin and Ether ETFs See $11.2 Million in Trading Volume on Debut Day

May 1, 2024

Hong Kong’s entry into the spot Bitcoin and Ether exchange-traded funds (ETFs) market saw six newly introduced ETFs record a trading volume of HK$87.5 million ($11.2 million) on their first day of trading. The figure falls extremely short of the $4.6 billion achieved by the 11 spot Bitcoin ETFs in the United States. These new…
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GBTC Continues to Lead Outflows as Bitcoin Spot ETFs See Net Outflow of $58M

April 17, 2024

A recent report from SoSoValue shows significant movements in the Bitcoin exchange-traded funds (ETFs) market, mainly focusing on the outflows observed in Grayscale’s Bitcoin Trust (GBTC) and the broader net outflow of $58.03 million from Bitcoin spot ETFs. The data highlights the dominance of outflows, with GBTC alone experiencing a net outflow of $79.38 million, contributing to…
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Institutional Investors and ‘Whales’ Push Bitcoin Demand to New Heights

March 27, 2024

Bitcoin is experiencing a significant liquidity crisis as demand for it soars, with Cryptoquant analysts reporting a monthly demand increase from 40,000 BTC to 213,000 BTC, fueled by a rise in accumulation addresses and institutional investments through spot bitcoin ETFs in the US. The imbalance between the surging demand and the decreasing sell-side liquidity, with…
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Profit-Taking Panic, Short-Term Bitcoin Holders Sell Off – What’s Next For BTC?

March 19, 2024

Recent on-chain data highlighted a significant trend: a wave of profit-taking by investors who have held Bitcoin (BTC) for less than five months. As detailed by CryptoQuant’s latest data, this phenomenon is not just a random market movement but an echo of patterns observed at the zeniths of previous bull markets. Profit-Taking Among Short-Term Bitcoin…
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Latam Insights: El Salvador Won’t Sell Its Bitcoin, Bitcoin Spot ETFs Land In Brazil and Peru

March 4, 2024

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Bukele states El Salvador will not sell its bitcoin, Bitcoin ETFs land in Brazil and Peru, and Argentine President Javier Milei aims to criminalize central bank money issuance. El Salvador Won’t Sell…
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Bitcoin Spot ETF Inflows Eye New Record As BTC Price Touches $57,000

February 27, 2024

Bitcoin Spot ETFs are gunning for a new record after an incredible start to the new week. The price of BTC has risen 8% in the last day, and this has caused euphoria in the market. There could be a number of factors behind this; however, institutional investors seem to be playing a big role…
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Coinbase Custody Accounts For 90% Of All Bitcoin ETFs – Details

February 17, 2024

Coinbase Custody reportedly now holds over 90% of all Bitcoin ETFs in the United States. This development was revealed by the crypto exchange’s CEO, Brian Armstrong, while appraising the company’s performance in the fourth quarter (Q4) of 2023. Coinbase Emerges As Major Player In Bitcoin ETF Market In an X post on February 16, Brian…
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Ethereum Is The Biggest Winner In Post-ETF Approval Market: Glassnode

January 25, 2024

While Bitcoin has struggled since the much-anticipated spot ETFs have gone live, Ethereum has emerged as a winner in the sector. Ethereum Has Done Better Against Both Bitcoin And Altcoins Recently In its latest weekly report, the on-chain analytics firm Glassnode has discussed how Bitcoin, Ethereum, and the altcoins have performed against each other recently.…
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Fidelity Bitcoin Spot ETF Records $1 Billion In Net Inflows – Details

January 20, 2024

Data from the trading analytics platform BitMEX Research reveals that Fidelity’s Bitcoin spot ETF – FBTC – has now witnessed a total inflow of over $1 billion. This development comes as BTC attempts to rebound from its recent dip over the last two weeks with a 1.56% gain in the past day, based on data…
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