RENT-A-NEWS SECTION
đ° Bitcoin SPOT ETF Cash Splash Summary in early May 2024
⨠BlackRock (IBIT): $22M
⨠Fidelity (FBTC): $99.2M
⨠Bitwise (BITB): $2.1M
⨠Ark Invest and 21Shares (ARKB): $75.6M
⨠Invesco and Galaxy Digital (BTCO): $11.1M
⨠Franklin Templeton (EZBC): $1.8M
đ Valkyrie Digital Assets (BRRR): Zero
⨠VanEck (HODL): Contributed $1.8M
đ WisdomTree (BTCW): Nothing to see here
⨠Grayscale Investments (GBTC): $3.9M
đ Hashdex (DEFI): Not even a penny
đ¸Grand Total: Splashed out a whopping $217.5M
𼜠#Bitcoin ETFs Bleeding Cash Like Never Before
Bitcoin ETFs had a roaring start, with record cash flowing in during the first two months after their launch.
However, things took a turn over the past month as money started flowing out of these funds.
In the last week of April, these crypto investment products saw a staggering $435M "cash bleed," according to @CoinSharesCo.
On May 1st, amid wild @Bitcoin price swings, investors withdrew a jaw-dropping $563.7M from Bitcoin Spot ETFs.
đ¤ @LayerZero_Labs Teams Up with @nansen_ai & @chaos_labs for Sybil Campaign.
#LayerZero CEO drops the bombshell that employees are barred from snagging upcoming #airdrops!!!
đĽ @MetaMask Unleashes Smart Transactions to tackle MEV woes and save users from burning through their pockets with hefty fees.