BlackRock’s Bitcoin ETF First to Reach $2B in AUM
The BlackRock iShares Bitcoin ETF (IBIT) on Friday became the first of the recently launched spot bitcoin products to reach $2 billion in assets under-management (AUM).
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Bitcoin ETF Flows Show Negative Trend For First Time Since Launch
The group of recently launched spot bitcoin exchange-traded funds (ETFs) are seeing combined negative flows for the first time since they opened for trade on Jan. 11 as money moving into funds like BlackRock’s IBIT and Fidelity’s FBTC has failed to keep pace with the exits from Grayscale’s GBTC.
Grayscale’s GBTC Profit Taking Likely Over, Easing Bitcoin Selling Pressure: JPMorgan
Around $1.3 billion has shifted from GBTC to new spot bitcoin ETFs, equivalent to a monthly outflow of about $3 billion per month, the bank said in a report.
Grayscale’s GBTC Has Moved More Than 100K BTC to Exchange Since Spot Bitcoin ETF Launch
Outflows from the Grayscale Bitcoin Trust have topped $1 billion per day this week.
Is Grayscale Takeover Bait Amid Bitcoin ETF Battle?
Experts said newcomers in the bitcoin investing game could be enticed by Grayscale, the incumbent with a huge lead.
Bitcoin Bulls Buoyed by Report of FTX’s $1B GBTC Sale
Flows of fresh investor money into the newly approved spot bitcoin ETFs may be far higher than previously thought.
FTX Sold About $1B of Grayscale’s Bitcoin ETF, Explaining Much of Outflow: Sources
BTC’s price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event.
Bitcoin Exposed to Possible $1.5B in Future GBTC Sales, JPMorgan Says
An additional $1.5 billion could exit GBTC, putting more pressure on the bitcoin price in the coming weeks, the report said.
Grayscale Moves Another 9K Bitcoin to Exchange in Preparation for Sale
The news sent bitcoin tumbling early Tuesday, but the price quickly recovered.
Grayscale’s GBTC Discount Closes to Zero for First Time Since February 2021
Grayscale received the regulatory green light to convert its flagship product into an ETF on Wednesday.