GBTC

ARK Bitcoin ETF Daily Outflows Surpass Grayscale’s GBTC for the First Time
Bitcoin

ARK Bitcoin ETF Daily Outflows Surpass Grayscale’s GBTC for the First Time

Cathie Wood’s ARK 21Shares Bitcoin ETF (ARKB) saw net outflows of $87.5 million on April 2, the highest since its debut, according to preliminary data from Farside Investors. This outflow is equivalent to approximately 1,300 BTC. The amount surpasses outflows seen from Grayscale’s Bitcoin Trust (GBTC), which recorded $81.9 million on the same day.  This […]

Apr. 3, 2024
Grayscale’s Bitcoin ETF Outflows Jump to $1.8B This Week
Bitcoin

Grayscale’s Bitcoin ETF Outflows Jump to $1.8B This Week

Crypto asset manager Grayscale’s Bitcoin exchange-traded fund (ETF) experienced another day of significant outflows, with nearly $359 million exiting the fund on March 21. This follows a massive week of outflows, with March 18 seeing the largest single-day outflow of $643 million, according to data from Farside Investors.  The total outflow from Grayscale’s GBTC for […]

Mar. 22, 2024
Grayscale’s GBTC Sees $643M Outflow in a Day as Bitcoin Price Drops Below $65K
Bitcoin

Grayscale’s GBTC Sees $643M Outflow in a Day as Bitcoin Price Drops Below $65K

According to data compiled by BitMEX research, Grayscale’s spot Bitcoin (BTC) exchange-traded fund (ETF), GBTC, experienced a net outflow of approximately $643 million on March 18 as Bitcoin price continues to drop. This marked the biggest single-day loss since Grayscale converted its trust to a spot Bitcoin ETF on January 11. Concurrently, Fidelity’s Bitcoin ETF—the […]

Mar. 19, 2024
Grayscale’s Bitcoin Holdings Witnesses 33% Drop Since ETF Conversion
Bitcoin

Grayscale’s Bitcoin Holdings Witnesses 33% Drop Since ETF Conversion

Grayscale, the world’s largest crypto asset manager, has witnessed a significant decline in its Bitcoin (BTC) holdings since converting its Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF) in mid-January.  According to BitMEX Research data shared on Tuesday, GBTC saw its 36th day of straight outflows on March 4, with 5,450 BTC or $368 […]

Mar. 5, 2024
Grayscale’s Spot Bitcoin ETF Sees Record Low Outflows of $22M
Bitcoin

Grayscale’s Spot Bitcoin ETF Sees Record Low Outflows of $22M

On Feb. 26, Grayscale’s spot Bitcoin (BTC) exchange-traded fund (ETF) experienced its third consecutive trading day of declining net outflows, reaching a record low of $22.4 million. According to data from Farside Investor, GBTC had three back-to-back days of slowing net outflows on Feb. 22, 23, and 26.  The week concluded on Feb. 23 with […]

Feb. 27, 2024
Fidelity’s Spot Bitcoin ETF $208M Inflow Outpaces Grayscale Outflows
Bitcoin

Fidelity’s Spot Bitcoin ETF $208M Inflow Outpaces Grayscale Outflows

According to provisional data from Farside Investors, Fidelity’s spot Bitcoin exchange-traded fund (ETF), FBTC, attracted a staggering $208 million in daily inflows on Jan. 29. This marks a significant achievement for the fund as it surpassed the outflows from the Grayscale Bitcoin Trust (GBTC) for the first time since its launch. In contrast, GBTC experienced […]

Jan. 30, 2024
Bitcoin Faces GBTC Outflow Concerns & Carry Trade Gains Pressure
Bitcoin

Bitcoin Faces GBTC Outflow Concerns & Carry Trade Gains Pressure

Bitcoin price has fallen since Bitcoin ETFs were approved. This week, we assess the claims behind fear, uncertainty, and doubt (FUD), pointing to the Grayscale Bitcoin ETF. We analyze aggregate ETF flows while considering the increased holdings by BTC whales and underreported factors possibly dragging the market. Since the launch of spot ETFs, market observers […]

Jan. 27, 2024
BlackRock’s IBIT Bitcoin ETF Suppresses $2B AUM in Just Ten Days
Bitcoin

BlackRock’s IBIT Bitcoin ETF Suppresses $2B AUM in Just Ten Days

BlackRock’s iShares Bitcoin ETF (IBIT) has become the first of the recently launched spot Bitcoin ETFs to reach an impressive $2 billion in assets under management (AUM) in just 10 days of trading, as reported by Bloomberg Terminal data. BlackRock currently holds approximately 50,000 BTC through its ETF, making it one of the major holders […]

Jan. 27, 2024
FTX Sold About $1B of Grayscale Spot Bitcoin ETF Shares: Report
Bitcoin

FTX Sold About $1B of Grayscale Spot Bitcoin ETF Shares: Report

FTX, the now-defunct crypto exchange, has reportedly offloaded nearly $1 billion of shares in Grayscale’s Bitcoin Trust (GBTC). According to CoinDesk, which cited “private data” and anonymous sources, FTX aimed to liquidate its holdings to aid in reimbursing its creditors, having disposed of all 22 million shares it held in the GBTC fund.  The report […]

Jan. 24, 2024