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Bitcoin ETFs Take a Hit: Investors Pull Out $55 Million in a Single Day on April 12 Bitcoin ETFs ahead of halving Friday saw a major shakeup in the world of cryptocurrency, with a whopping $166 million withdrawn from Grayscale’s GBTC, according to data from SoSo Value. This trend of large outflows from GBTC in … Read more
Revitalized by US President Joe Biden’s optimistic outlook on the Federal Reserve’s potential rate cut shortly, Bitcoin (BTC) experienced a slight resurgence. Following the release of yesterday’s CPI report, which showed a surprising 3.5% inflation rate for March, President Biden made a bold statement. He declared that he expects a rate cut to happen before … Read more
Breaking records once again, Bitcoin ETFs experienced a remarkable surge of $203 million in net inflow on Friday, April 6th. This impressive streak has now stretched over four consecutive days, cementing the popularity of these exchange-traded funds. SoSoValue has just reported that Grayscale’s GBTC ETF experienced a significant drop in net assets, losing a whopping … Read more
Bitcoin ETF Sector Sees Record-Breaking $113 Million Inflows on April 3rd. The financial world is abuzz with excitement as capital inflows surge, pushing past the dreaded red zone. And the top contender leading this influx of funds? None other than Fidelity’s spot Bitcoin ETF, (FBTC), which recorded a whopping $116.6 million. Hot on its heels … Read more
Amidst a sluggish market, spot Bitcoin ETFs have emerged triumphant with a sudden surge as the crypto world rebounds. In a single day, March 26, they have amassed a whopping $418 million in inflows, signaling a promising comeback. The ETF market is riding the wave of Bitcoin’s epic comeback! In just one day, a whopping … Read more
Bitcoin’s tumultuous week has taken a dramatic turn as the five-day streak of outflows, caused by Grayscale’s Spot ETF selling, has been abruptly halted by a staggering $418 million inflow on Tuesday. For an entire week, the Grayscale Bitcoin Spot ETF (GBTC) unleashed a frenzy of massive $BTC sales into the market, while the other … Read more
The Spot Bitcoin ETF sees its largest three-day withdrawals since its launch in January. The recent trend has caused a major stir in the world of cryptocurrency, as it signals a dramatic change in the demand for Bitcoin. In just a matter of days, a whopping $742 million was withdrawn from various ETFs, showing a … Read more