📊 $BTC #ETF How outflows from #Graysacle (bottom scale of the chart) were gradually overlapping with inflows into new spot Bitcoin-ETFs

🆘GRAYSCALE HAS TRANSFERRED
4000 BTC TO COINBASE AND AN
UNVERIFIED ADDRESS.

ALSO, YESTERDAY SPOT ETF HAD
ITS FIRST OUTFLOW AFTER 25 DAYS.

#Write2Earn #Graysacle #imcooladi4u

JUST IN:

Grayscale CEO tells CNBC there is "tremendous investor demand" for spot #Bitcoin  ETFs 🐂.

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#TrendingTopic #BTC #ETFs. #Graysacle

After the approval of the Bitcoin ETF, how much capital flowed into the cryptocurrency market?

After the approval of the Bitcoin ETF, the cryptocurrency market saw an influx of funds. The ETF added a net increase of 110,000 bitcoins, bringing the total holdings to 37.21 billion US dollars. Since the ETF approval, as of February 25, 2024, the 11 Bitcoin ETFs held a total of 732,549 bitcoins, with a cumulative increase of 113,058 bitcoins. The total holdings for the Bitcoin ETF amounted to 732,000 bitcoins, with the managed fund size increasing from 28.59 billion US dollars to 37.21 billion US dollars, totaling an additional 8.6 billion US dollars in fund size.

Grayscale reduced its holdings by 175,000 bitcoins, while BlackRock acquired 127,000 bitcoins. Although the overall holdings of the Bitcoin ETF increased, the price of Bitcoin experienced a significant drop from $49,000 to $38,500 in the days following the approval of the Bitcoin ETF. This drop was primarily due to the reduction in holdings by Grayscale.

#BTC‬ #ETF #Graysacle #BlackRock #Binance

JUST IN:

Total spot #Bitcoin  ETF trading volume surpasses $3.24 billion today:

• BlackRock: $1,318,226,580
• Grayscale: $843,654,199
• Fidelity: $587,327,032
• Ark Invest: $265,647,305
• Bitwise: $83,248,930
• Invesco: $60,072,480
• WisdomTree: $37,426,253
• VanEck: $23,984,634
• Franklin: $21,911,626
• Valkyrie: $6,938,398
• Hashdex: $217,096

#TrendingTopic #BlackRlock #Graysacle #Fidelity

📉 Grayscale outflows drop to $125M in 3 days — a major shift from the initial week's $400M daily outflow.

In total, Grayscale has lost 155k $BTC since ETFs launched, or 25% of its January 10th AUM —

#BTC #Graysacle

Grayscale, Coinbase sit down with SEC over spot Ether ETF

Grayscale and Coinbase met with the SEC on March 6 to address concerns about the conversion of Grayscale’s Ethereum Trust into a spot ETF.

Crypto firms Grayscale and Coinbase recently met with United States Securities and Exchange Commission (SEC) officials to discuss a rule change for the launch of spot Ether exchange-traded funds (ETFs).

Grayscale is seeking to convert its Ethereum Trust — which tracks the market price of Ether into an ETF, similar to the conversion of its Bitcoin Trust to an ETF in January. The meeting, held on March 6, followed the end of the commenting period for the proposal and addressed concerns about possible market manipulation should the fund be approved.

According to a presentation shared by the SEC, Coinbase argued that the same reasoning that led to the approval of Bitcoin ETFs should be applied to Ether since the token has “mechanisms that significantly limit ETH’s susceptibility to fraud and manipulation.”

Another presentation point relates to Coinbase’s surveillance-sharing agreement with the Chicago Mercantile Exchange (CME). The mechanism was implemented for Bitcoin ETFs at the request of the SEC to improve trading monitoring.

Grayscale is also proposing a second ETF for Ether futures trading. The main difference between spot and futures markets is that spot market assets are traded immediately, whereas, in the futures market, contracts are made to buy or sell assets at a future date for a specific price.

#Etherrum #ETH✅ #Coinbase. #Graysacle

JUST IN: Grayscale’s email notification shows that private placement subscriptions for some cryptocurrency trusts have been opened to accredited investors, including Grayscale Bitcoin Cash Trust, Grayscale Chainlink Trust, Grayscale Litecoin Trust, Grayscale Solana Trust, and Grayscale Stellar Lumens Trust. Subscriptions will be based on net asset value.

#Write2Earn #Graysacle #Bitcoin

🚨GRAYSCALE HAS TRANSFERRED 2070 BTC WORTH $99M TO COINBASE at the price of 50,000$

#Graysacle #Bitcoin #BTC #crypto #DYOR

#Graysacle Bitcoin trust (GBTC) Witnesses Slowing Withdrawal Volumes:

Over the past few days, Grayscale’s Bitcoin Trust (GBTC) has shown a notable decline in withdrawal volumes, indicating a potential shift in investor sentiment. According to data from #BITMEX Research, on Feb. 23, #gbtc experienced withdrawals amounting to $44.2 million, marking the lowest daily volume since its transition on Jan. 11 from an over-the-counter product to an exchange-traded fund (ETF).
The trend of decreasing outflows is evident when examining the data from January onwards. By the end of January, GBTC had reported total withdrawals of $5.64 billion, with a substantial $640 million leaving on Jan. 22 alone. As February progresses, the pace of outflows has continued to slow, with a total of $1.8 billion withdrawn so far this month. Since its inception, GBTC has seen a total withdrawal of $7.4 billion.
This slowdown in withdrawals may suggest a stabilization or even a potential reversal in investor sentiment towards GBTC. It could signify a shift in strategy among investors, with some choosing to hold onto their positions rather than liquidating them. Additionally, it may reflect a growing confidence in Bitcoin and cryptocurrency markets as a whole, prompting investors to reconsider their withdrawal decisions.
While it’s essential to monitor the situation closely for further developments, the recent data indicates a notable shift in GBTC’s withdrawal patterns, potentially signaling changing dynamics within the cryptocurrency investment landscape.
#Write2Earn #TrendingTopic $BTC