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#grayscale ’s spot Bitcoin ETF market share falls to 50%
Grayscale's share of the #BitcoinETF market has dipped below 50% for the first time since the inception of spot Bitcoin ETFs alongside the launch of nine new ETFs in January.
As of March 12, the assets under management (AUM) in Grayscale Bitcoin Trust (GBTC) have fallen to $28.5 billion, representing 48.9% of the total $56.7 billion held across ten U.S. Bitcoin ETFs, according to data from Dune Analytics. On the debut trading day of the ten U.S. spot Bitcoin ETFs, Grayscale's fund commanded about 99.5% of the total AUM.
Consistent outflows from GBTC, averaging $329 million per day last week, have gradually eroded the ETF's market share. Initially, the most significant outflows from GBTC occurred within the first month of Bitcoin ETFs' launch, with approximately $7 billion leaving the fund in just over a month.
However, outflows slowed toward the end of January, prompting some analysts to speculate their potential cessation.
Yet, in mid-February, bankruptcy courts permitted crypto lender Genesis to liquidate roughly $1.3 billion worth of GBTC shares, leading to increased outflows once again. Overall, GBTC outflows have surpassed $11 billion to date, as per Farside Bitcoin ETF flow data.
Grayscale's GBTC, initially a trust, evolved into an ETF after a legal win against the #SEC in August. This shift enabled institutional investors to seize GBTC arbitrage opportunities, either withdrawing funds or reallocating to lower-fee Bitcoin ETFs approved by the SEC.
Growing net inflows into #BlackRock 's IBIT and Fidelity's FBTC ETFs, totaling $16.9 billion, have buoyed market sentiment despite initial concerns over outflows from GBTC. The influx into these funds is seen as a fundamental driver behind Bitcoin's recent price surge to a new all-time high of $72,900 on March 11. IBIT, managed by BlackRock, holds over 200,000 BTC, valued at $14.3 billion.
Source - cointelegraph.com
#CryptoNews🔒📰🚫
Grayscale's share of the #BitcoinETF market has dipped below 50% for the first time since the inception of spot Bitcoin ETFs alongside the launch of nine new ETFs in January.
As of March 12, the assets under management (AUM) in Grayscale Bitcoin Trust (GBTC) have fallen to $28.5 billion, representing 48.9% of the total $56.7 billion held across ten U.S. Bitcoin ETFs, according to data from Dune Analytics. On the debut trading day of the ten U.S. spot Bitcoin ETFs, Grayscale's fund commanded about 99.5% of the total AUM.
Consistent outflows from GBTC, averaging $329 million per day last week, have gradually eroded the ETF's market share. Initially, the most significant outflows from GBTC occurred within the first month of Bitcoin ETFs' launch, with approximately $7 billion leaving the fund in just over a month.
However, outflows slowed toward the end of January, prompting some analysts to speculate their potential cessation.
Yet, in mid-February, bankruptcy courts permitted crypto lender Genesis to liquidate roughly $1.3 billion worth of GBTC shares, leading to increased outflows once again. Overall, GBTC outflows have surpassed $11 billion to date, as per Farside Bitcoin ETF flow data.
Grayscale's GBTC, initially a trust, evolved into an ETF after a legal win against the #SEC in August. This shift enabled institutional investors to seize GBTC arbitrage opportunities, either withdrawing funds or reallocating to lower-fee Bitcoin ETFs approved by the SEC.
Growing net inflows into #BlackRock 's IBIT and Fidelity's FBTC ETFs, totaling $16.9 billion, have buoyed market sentiment despite initial concerns over outflows from GBTC. The influx into these funds is seen as a fundamental driver behind Bitcoin's recent price surge to a new all-time high of $72,900 on March 11. IBIT, managed by BlackRock, holds over 200,000 BTC, valued at $14.3 billion.
Source - cointelegraph.com
#CryptoNews🔒📰🚫
On Tuesday, Bitcoin ETFs experienced net outflows totaling $18.6 million.
BlackRock: $128.7 million
Bitwise: $3.8 million
Fidelity: $3.0 million
Hashdex: $0.8 million
Grayscale: -$154.9 million
#SpotBitcoinETF #Fidelity #BlackRockCrypto #grayscale $BTC #CryptoNews🚀🔥
BlackRock: $128.7 million
Bitwise: $3.8 million
Fidelity: $3.0 million
Hashdex: $0.8 million
Grayscale: -$154.9 million
#SpotBitcoinETF #Fidelity #BlackRockCrypto #grayscale $BTC #CryptoNews🚀🔥
👉👉👉 #grayscale ’s 4,000 Bitcoin Transfer Worth $175M Stirs Market Speculation Amid Record ETF Trading Volume
Recent #blockchain analytics revealed that 4,000 bitcoins, valued at approximately $175 million, were transferred from addresses linked to Grayscale’s Bitcoin Trust (GBTC) in four batches of 1,000 bitcoins each, directed to Coinbase. This occurred amid the debut of a new spot bitcoin exchange-traded fund (ETF), which generated $4.6 billion in trading volume on its first day, causing a 5.5% decline in bitcoin's value. Grayscale’s reserves decreased by 4,000 BTC, equivalent to $175 million. While specific addresses are unconfirmed, Arkham Intelligence had previously identified Grayscale’s wallets in September 2023, indicating dispersed bitcoin assets across over 1,750 addresses. Arkham's tracking shows Grayscale manages 621,853 BTC and 2.9 million ETH, differing from Grayscale’s official website reporting 619,162 BTC as of Jan. 12, 2024. Arkham’s records reveal the last movement of funds from Grayscale’s wallets to Coinbase occurred two weeks ago. Whether these funds are sold or reassigned by Coinbase for custody remains uncertain, with speculations on social media lacking concrete evidence. Data shows over $3 billion traded across all spot bitcoin ETFs on Friday, with GBTC, Blackrock’s IBIT, and Bitwise’s BITB leading. Bloomberg ETF analyst James Seyffart noted total net inflows amounted to $655 million in an update on social media.
Source - news.bitcoin.com
#CryptoNews #gbtc #BinanceSquare
Recent #blockchain analytics revealed that 4,000 bitcoins, valued at approximately $175 million, were transferred from addresses linked to Grayscale’s Bitcoin Trust (GBTC) in four batches of 1,000 bitcoins each, directed to Coinbase. This occurred amid the debut of a new spot bitcoin exchange-traded fund (ETF), which generated $4.6 billion in trading volume on its first day, causing a 5.5% decline in bitcoin's value. Grayscale’s reserves decreased by 4,000 BTC, equivalent to $175 million. While specific addresses are unconfirmed, Arkham Intelligence had previously identified Grayscale’s wallets in September 2023, indicating dispersed bitcoin assets across over 1,750 addresses. Arkham's tracking shows Grayscale manages 621,853 BTC and 2.9 million ETH, differing from Grayscale’s official website reporting 619,162 BTC as of Jan. 12, 2024. Arkham’s records reveal the last movement of funds from Grayscale’s wallets to Coinbase occurred two weeks ago. Whether these funds are sold or reassigned by Coinbase for custody remains uncertain, with speculations on social media lacking concrete evidence. Data shows over $3 billion traded across all spot bitcoin ETFs on Friday, with GBTC, Blackrock’s IBIT, and Bitwise’s BITB leading. Bloomberg ETF analyst James Seyffart noted total net inflows amounted to $655 million in an update on social media.
Source - news.bitcoin.com
#CryptoNews #gbtc #BinanceSquare
VanEck Commits to Donating 5% of $BTC #ETF Profits to Bitcoin Developers at Brink
Asset manager VanEck, a potential Bitcoin ETF provider, plans to donate a portion of ETF profits to Bitcoin core developers upon approval. VanEck pledged 5% to developers through nonprofit Brink and made an initial $10,000 donation. The firm expressed gratitude for developers' dedication to decentralization and innovation. The #SEC is expected to decide on VanEck's spot Bitcoin ETF application soon, potentially attracting substantial traditional finance investment into crypto. The move aims to demonstrate commitment to the core Bitcoin industry by supporting developers and the ecosystem. VanEck is among firms awaiting an SEC decision, including #BlackRock , Bitwise, Fidelity, #grayscale , Valkyrie, Invesco, Galaxy, and WisdomTree.
This echoes a prior commitment where VanEck pledged 10% of profits from its Ether (ETH) futures ETF to Ethereum core developers. While some argue the impact of a US spot Bitcoin ETF may be limited, others predict a significant capital injection. The SEC must soon disclose its verdict, with analysts predicting approval by January 10 and a potential $10 billion inflow into Bitcoin ETFs within 12 months.
Source - Hassan Shittu @hassan-shittu
Website - Cryptonews
#CryptoNews🔒📰🚫 $ETH
Asset manager VanEck, a potential Bitcoin ETF provider, plans to donate a portion of ETF profits to Bitcoin core developers upon approval. VanEck pledged 5% to developers through nonprofit Brink and made an initial $10,000 donation. The firm expressed gratitude for developers' dedication to decentralization and innovation. The #SEC is expected to decide on VanEck's spot Bitcoin ETF application soon, potentially attracting substantial traditional finance investment into crypto. The move aims to demonstrate commitment to the core Bitcoin industry by supporting developers and the ecosystem. VanEck is among firms awaiting an SEC decision, including #BlackRock , Bitwise, Fidelity, #grayscale , Valkyrie, Invesco, Galaxy, and WisdomTree.
This echoes a prior commitment where VanEck pledged 10% of profits from its Ether (ETH) futures ETF to Ethereum core developers. While some argue the impact of a US spot Bitcoin ETF may be limited, others predict a significant capital injection. The SEC must soon disclose its verdict, with analysts predicting approval by January 10 and a potential $10 billion inflow into Bitcoin ETFs within 12 months.
Source - Hassan Shittu @hassan-shittu
Website - Cryptonews
#CryptoNews🔒📰🚫 $ETH
Grayscale's report underscores the prevailing bullish sentiment in the cryptocurrency market, pointing to factors like the continual inflow of funds from the U.S. BTC spot ETF, bipartisan endeavors in Congress for industry regulation, and the expanding Ethereum ecosystem. The report forecasts the maintenance of this upward trend given favorable macroeconomic conditions. However, it cautions that positive aspects are already factored into prices and highlights the potential repercussions of adverse news regarding economic outlook, Federal Reserve policies, and the presidential election on market dynamics.
#Bitcoinworld🌐🪙 #btc #grayscale $BTC
#Bitcoinworld🌐🪙 #btc #grayscale $BTC
🚨 Grayscale transfers 9,434 BTC worth $376 million to Coinbase Prime, once again, 45 minutes ago.
Grayscale deposited 103,134 BTC worth $4.23 billlion to Coinbase Prime since the ETF approval, and currently holds 510,682 BTC worth $20.43 billion.
So Grayscale is dumping BTC🥹
#grayscale #btc #bitcoin #bitcoinnews #cryptonews
Grayscale deposited 103,134 BTC worth $4.23 billlion to Coinbase Prime since the ETF approval, and currently holds 510,682 BTC worth $20.43 billion.
So Grayscale is dumping BTC🥹
#grayscale #btc #bitcoin #bitcoinnews #cryptonews
Navigating Bitcoin's High-Risk Territory: Insights from Glassnode and Grayscale on Post-Halving Opti
- Recent weeks witnessed heightened volatility in the market.
- Bitcoin surged towards the $50,000 mark amidst the turbulence.
- However, uncertainty and the looming possibility of sell-offs remain prevalent.
- Glassnode's MVRV ratio signals a concerning "high risk" landscape, hinting at potential profit-taking among long-term holders.
- Contrary data suggests that long-term investors might not be inclined to sell despite the risk.
- Grayscale holds a contrasting view, advocating for Bitcoin ETFs to lure in fresh investors and counterbalance miner selling post-halving.
Bitcoin is currently encountering resistance near the $49,000 mark but is inching closer to the significant $50,000 threshold amidst heightened volatility in recent weeks, as indicated by various metrics.
Market analysis suggests that Bitcoin may be on the cusp of entering the next phase of a bull market, supported by insights from Glassnode indicating increased attention and activity among long-term holders. However, this potential upward momentum is tempered by concerns of a looming sell-off and market uncertainty.
Glassnode's assessment, particularly through the MVRV ratio, suggests that Bitcoin is treading in a "high-risk" territory, indicating that long-term investors have accrued significant profits and could potentially initiate profit-taking actions. Despite this, indicators such as supply profitability and net unrealized profit/loss suggest that many investors are holding onto their positions, possibly in anticipation of further price appreciation.
Another factor influencing Bitcoin's future trajectory is the emergence of exchange-traded products (ETPs), particularly Bitcoin ETFs, which are anticipated to play a pivotal role in shaping the market dynamics, especially leading up to the upcoming halving event in April 2024.
The impending halving event, coupled with the influence of ETFs, has already begun to impact Bitcoin's price dynamics. Although the cryptocurrency recently flirted with the $50,000 mark, it faces resistance around the $48,969 level, with potential support seen around the 20-day EMA at approximately $44,557.
While Bitcoin appears poised for a potential breakout above $50,000, the possibility of a rejection at current levels necessitates caution, highlighting the inherent volatility and speculative nature of cryptocurrency investments. As always, investors are advised to conduct thorough research and exercise prudence in their financial decisions.
#Bitcoin #BTC #Glassnode #grayscale #cryptocurrency
$BTC
- Bitcoin surged towards the $50,000 mark amidst the turbulence.
- However, uncertainty and the looming possibility of sell-offs remain prevalent.
- Glassnode's MVRV ratio signals a concerning "high risk" landscape, hinting at potential profit-taking among long-term holders.
- Contrary data suggests that long-term investors might not be inclined to sell despite the risk.
- Grayscale holds a contrasting view, advocating for Bitcoin ETFs to lure in fresh investors and counterbalance miner selling post-halving.
Bitcoin is currently encountering resistance near the $49,000 mark but is inching closer to the significant $50,000 threshold amidst heightened volatility in recent weeks, as indicated by various metrics.
Market analysis suggests that Bitcoin may be on the cusp of entering the next phase of a bull market, supported by insights from Glassnode indicating increased attention and activity among long-term holders. However, this potential upward momentum is tempered by concerns of a looming sell-off and market uncertainty.
Glassnode's assessment, particularly through the MVRV ratio, suggests that Bitcoin is treading in a "high-risk" territory, indicating that long-term investors have accrued significant profits and could potentially initiate profit-taking actions. Despite this, indicators such as supply profitability and net unrealized profit/loss suggest that many investors are holding onto their positions, possibly in anticipation of further price appreciation.
Another factor influencing Bitcoin's future trajectory is the emergence of exchange-traded products (ETPs), particularly Bitcoin ETFs, which are anticipated to play a pivotal role in shaping the market dynamics, especially leading up to the upcoming halving event in April 2024.
The impending halving event, coupled with the influence of ETFs, has already begun to impact Bitcoin's price dynamics. Although the cryptocurrency recently flirted with the $50,000 mark, it faces resistance around the $48,969 level, with potential support seen around the 20-day EMA at approximately $44,557.
While Bitcoin appears poised for a potential breakout above $50,000, the possibility of a rejection at current levels necessitates caution, highlighting the inherent volatility and speculative nature of cryptocurrency investments. As always, investors are advised to conduct thorough research and exercise prudence in their financial decisions.
#Bitcoin #BTC #Glassnode #grayscale #cryptocurrency
$BTC
🟥🟥 Grayscale Tranfer Alert 🟥🟥
Grayscale Just Tranfer 7963 Btc And Other Little Bit Crypto Currencies To Coinbase ✅
#grayscale #btctransfer #btc
Grayscale Just Tranfer 7963 Btc And Other Little Bit Crypto Currencies To Coinbase ✅
#grayscale #btctransfer #btc
🚀 Grayscale Expects GBTC to Begin Trading as a BTC Spot ETF on 1/11 (Local Time)! 📈💼 #CryptoNews #grayscale #BTCETF
Grayscale CEO: GBTC approval could bring 'several billion dollars' to investors.
#grayscale #CEO #gbtc
#grayscale #CEO #gbtc
$BTC $ETH $XRP Bitcoin Jumps Over $30K as ETF Hope Drives Bulls
Bitcoin forks led alternative token gains in the past 24 hours, outpacing major tokens.
Bitcoin (BTC) crossed the $30,000 mark during the morning hours on Friday, extending its weekly gains to over 11% as bullish sentiment around a possible spot bitcoin exchange-traded fund (ETF) approval in the U.S. gained momentum.
Tokens formed by the forking of Bitcoin, Bitcoin Cash (BCH) and Bitcoin SV (BSV) jumped as much as 26% to lead gains among alternative tokens in a sign of possible irrational exuberance.
Several ETF providers amended their filings over multiple days in the past week alongside pressure on the U.S. Securities and Exchange Commission (SEC) to soften its stance on a bitcoin ETF approval.
(With the) bitcoin ETF approval and halving event in April, the crypto market could kickstart a very robust bull market.
#BTC #etf #SEC #grayscale #Blackrock
Bitcoin forks led alternative token gains in the past 24 hours, outpacing major tokens.
Bitcoin (BTC) crossed the $30,000 mark during the morning hours on Friday, extending its weekly gains to over 11% as bullish sentiment around a possible spot bitcoin exchange-traded fund (ETF) approval in the U.S. gained momentum.
Tokens formed by the forking of Bitcoin, Bitcoin Cash (BCH) and Bitcoin SV (BSV) jumped as much as 26% to lead gains among alternative tokens in a sign of possible irrational exuberance.
Several ETF providers amended their filings over multiple days in the past week alongside pressure on the U.S. Securities and Exchange Commission (SEC) to soften its stance on a bitcoin ETF approval.
(With the) bitcoin ETF approval and halving event in April, the crypto market could kickstart a very robust bull market.
#BTC #etf #SEC #grayscale #Blackrock
Grayscale Announces 1.5% Fees for Its Proposed Bitcoin ETF Uplift Grayscale, which has some $27 billion in assets under management (AUM), said it was adding Jane Street, Virtu, Macquarie Capital and ABN AMRO Clearing as authorized participants (APs), in an updated S3 filing on Monday.
Asset manager Grayscale has dropped its 2% management fee to 1.5% as part of its proposed uplift to a spot bitcoin ETF, according to an updated S3 filing.
Grayscale, which has some $27 billion in assets under management (AUM), said it was adding Jane Street, Virtu, Macquarie Capital and ABN AMRO Clearing as authorized participants (APs).
#etf #grayscale #BTC
Asset manager Grayscale has dropped its 2% management fee to 1.5% as part of its proposed uplift to a spot bitcoin ETF, according to an updated S3 filing.
Grayscale, which has some $27 billion in assets under management (AUM), said it was adding Jane Street, Virtu, Macquarie Capital and ABN AMRO Clearing as authorized participants (APs).
#etf #grayscale #BTC
July 4 Update:
9 ETFs decreased 609 $BTC(-$35M).
#Grayscale decreased 535 $BTC(-$30.7M) and currently holds 274,724 $BTC($15.76B).
#ETFvsBTC #Binance #bitcoin #grayscale
9 ETFs decreased 609 $BTC(-$35M).
#Grayscale decreased 535 $BTC(-$30.7M) and currently holds 274,724 $BTC($15.76B).
#ETFvsBTC #Binance #bitcoin #grayscale
#CRYPTO News >_ Grayscale Investments launches exclusive staking income fund for wealthy clients
#grayscale
#grayscale
See original
🚨BREAKING: #Bitcoin drops below 💰40k as #grayscale liquidations continue🕯
#Write2Earn
What do you think of this big BTC drop? Do you clearly plan to buy for a good profit on its new rise?
Much speculation with the exit of the ETF and rather we are in an imminent setback!
Leave your opinion about it and your Like Wonderful!!
#Write2Earn
What do you think of this big BTC drop? Do you clearly plan to buy for a good profit on its new rise?
Much speculation with the exit of the ETF and rather we are in an imminent setback!
Leave your opinion about it and your Like Wonderful!!
⚡️ #Bitcoin is $39K falling by 1% today.
📉First attempt to consolidate below $39K have failed. The reason migh be 99 MA. It has been strong support/resistance level. In August 2023 when #BTC🔥🔥 broke this MA it fell by 7%.
💡BTW #grayscale #gbtc is still selling their #cryptocurrecny $BTC
NFA&DYOR
📉First attempt to consolidate below $39K have failed. The reason migh be 99 MA. It has been strong support/resistance level. In August 2023 when #BTC🔥🔥 broke this MA it fell by 7%.
💡BTW #grayscale #gbtc is still selling their #cryptocurrecny $BTC
NFA&DYOR
👉👉👉 #Fidelity #BitcoinETF rakes in reported $208M, offsetting #grayscale outflows alone
Grayscale's Bitcoin fund experienced a fifth consecutive day of slowed outflows, while Fidelity's spot Bitcoin ETF saw robust inflows, surpassing Grayscale's outflows for the first time since its launch. On January 29, Fidelity's FBTC attracted $208 million in daily inflows, outpacing the $192 million outflow from Grayscale Bitcoin Trust (GBTC) on the same day, according to provisional data from Farside Investors and BitMEX Research.
The recent GBTC outflows marked a nearly 25% decrease from $255 million on January 26 and a substantial 70% drop from the fund's peak daily outflows of $641 million on January 22. This represents the second-lowest outflow day for Grayscale's fund, with only $95 million leaving on January 11, the day it transitioned to a spot Bitcoin exchange-traded fund (ETF).
Market observers are closely monitoring GBTC for signs of slowing outflows as investors seek to capitalize on their previously underwater positions. JPMorgan analysts suggested on January 25 that GBTC outflows have exerted downward pressure on Bitcoin prices but indicated that this trend should be mostly behind us.
New U.S. spot Bitcoin ETFs, introduced on January 27, recorded a combined volume of $994.1 million on January 29, nearly double the $570 million volume of GBTC. BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) dominated the new ETFs' combined volume, representing 78% with daily volumes of $460.9 million and $315.4 million, respectively
Global competition in the spot Bitcoin ETF market prompts fee reductions. Invesco and Galaxy Asset Management cut fees on Invesco Galaxy Bitcoin ETF (BTCO) from 0.39% to 0.25%, aligning with major players. BTCO has zero fees for the first six months or until $5 billion in assets. European ETF providers, including Invesco and WisdomTree, also reduced fees, signaling a global fee war in the growing Bitcoin ETF market.
Source - cointelegraph.com
#CryptoNews #BinanceSquareBTC $BTC
Grayscale's Bitcoin fund experienced a fifth consecutive day of slowed outflows, while Fidelity's spot Bitcoin ETF saw robust inflows, surpassing Grayscale's outflows for the first time since its launch. On January 29, Fidelity's FBTC attracted $208 million in daily inflows, outpacing the $192 million outflow from Grayscale Bitcoin Trust (GBTC) on the same day, according to provisional data from Farside Investors and BitMEX Research.
The recent GBTC outflows marked a nearly 25% decrease from $255 million on January 26 and a substantial 70% drop from the fund's peak daily outflows of $641 million on January 22. This represents the second-lowest outflow day for Grayscale's fund, with only $95 million leaving on January 11, the day it transitioned to a spot Bitcoin exchange-traded fund (ETF).
Market observers are closely monitoring GBTC for signs of slowing outflows as investors seek to capitalize on their previously underwater positions. JPMorgan analysts suggested on January 25 that GBTC outflows have exerted downward pressure on Bitcoin prices but indicated that this trend should be mostly behind us.
New U.S. spot Bitcoin ETFs, introduced on January 27, recorded a combined volume of $994.1 million on January 29, nearly double the $570 million volume of GBTC. BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) dominated the new ETFs' combined volume, representing 78% with daily volumes of $460.9 million and $315.4 million, respectively
Global competition in the spot Bitcoin ETF market prompts fee reductions. Invesco and Galaxy Asset Management cut fees on Invesco Galaxy Bitcoin ETF (BTCO) from 0.39% to 0.25%, aligning with major players. BTCO has zero fees for the first six months or until $5 billion in assets. European ETF providers, including Invesco and WisdomTree, also reduced fees, signaling a global fee war in the growing Bitcoin ETF market.
Source - cointelegraph.com
#CryptoNews #BinanceSquareBTC $BTC
Big News: BlackRock’s Bitcoin ETF Hits Major Milestone 🚀
🔹 What's Happening?
In just three months, BlackRock's iShares Bitcoin ETF, called $IBIT has collected over $15 billion
🔹 Why Is This Important?
This quick growth has put IBIT among the top 100 of all ETFs worldwide, out of about 3,500 ETFs.
🔹 What’s Next?
IBIT is close to reaching $20 billion in assets. It's quickly becoming a big name in the ETF market.
#blackrock #ETF #BitcoinETF #Fidelity #grayscale
$BTC $ETH $USDC
🔹 What's Happening?
In just three months, BlackRock's iShares Bitcoin ETF, called $IBIT has collected over $15 billion
🔹 Why Is This Important?
This quick growth has put IBIT among the top 100 of all ETFs worldwide, out of about 3,500 ETFs.
🔹 What’s Next?
IBIT is close to reaching $20 billion in assets. It's quickly becoming a big name in the ETF market.
#blackrock #ETF #BitcoinETF #Fidelity #grayscale
$BTC $ETH $USDC
🔄 Grayscale Updates GBTC Trust Agreement:
- Structural optimization for potential BTC spot ETF listing.
- Changes allow fee payments and commingling of assets.
#grayscale #BTCETF 📈🔄
- Structural optimization for potential BTC spot ETF listing.
- Changes allow fee payments and commingling of assets.
#grayscale #BTCETF 📈🔄