GBTC
Grayscale’s Spot Bitcoin ETF Sees Second Day of Net Inflows
Grayscale’s spot Bitcoin exchange-traded fund (GBTC) saw its second daily net inflows on May 6, drawing in $3.9 million into the converted trust, according to data from Farside Investors. As a result, the overall US spot Bitcoin ETF market recorded net positive inflows of $217 million. GBTC ended its 78-day streak of net outflows last […]
Spot Bitcoin ETFs See Largest Daily Net Outflows Ever
United States-based spot Bitcoin (BTC) exchange-traded funds (ETF) recorded $563.7 million in total net outflows on March 1 — the largest since the funds began trading on January 11 — according to data from Farside Investors. These outflows coincide with a 10.32% BTC price decrease over the past week. Fidelity’s Wise Origin Bitcoin Fund (FBTC) […]
Spot Bitcoin ETFs Sees 3rd Consecutive Day of Outflow Streak
Spot Bitcoin exchange-traded funds (ETFs) saw crypto investors withdraw funds for the third day straight on April 26th, 2024. According to SoSoValue, over $83 million left these funds that day. The largest Bitcoin fund, GBTC, lost around $82 million alone. Since becoming an exchange-traded fund in January, GBTC has seen investors withdraw a massive $17 billion. Source: […]
BlackRock’s Bitcoin ETF Inflows Fall to Zero, BTC Drops
On April 24, BlackRock’s spot Bitcoin exchange-traded fund (ETF), which trades under the ticker IBIT on Nasdaq, recorded zero net inflows for the first time since its launch in the United States on January 11. IBIT has continuously attracted millions of dollars in daily investments, totaling about $15.5 billion in just 71 days. Out of […]
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 […]
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 […]
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 […]
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 […]
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 […]